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TAXES PAYABLE
9 Months Ended
Sep. 30, 2011
TAXES PAYABLE
NOTE 9 – TAXES PAYABLE
 
Taxes payable consists of the following:
 
   
September 30,
    
December 31,
  
   
2011
    
2010
  
Income tax payable
  
$
1,960,519
    
$
4,377,314
  
Mineral resource compensation fee payable
    
515,797
      
486,585
  
Value added tax payable
    
1,568,691
      
1,031,525
  
Land use tax payable
    
803,941
      
966,397
  
Other tax payables
    
288,136
      
301,274
  
Total
  
$
5,137,084
    
$
7,163,095