PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2012

Property, plant and equipment, net consist of the following:

	June 30, 2012			December 31, 2011
At cost:
Mineral rights	$	6,294,862		$	6,318,750
Buildings		40,819,625			40,974,528
Plant and machinery		134,002,545			136,862,383
Motor vehicles		6,998			7,024
Furniture, fixtures and office equipment		4,042,017			4,057,356
Construction in progress		7,849,287			-
Total		193,015,334			188,220,041
Less: Accumulated depreciation and amortization		(50,518,857	)		(41,019,301	)
Net book value	$	142,496,477		$	147,200,740

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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