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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
NET REVENUE        
Net revenue $ 24,530,332 $ 37,761,975 $ 79,653,852 $ 134,441,319
OPERATING INCOME (EXPENSES)        
Cost of net revenue (17,099,890) (23,823,944) (55,605,423) (69,410,031)
Sales, marketing and other operating expenses (20,327) (20,116) (60,800) (67,861)
Research and development cost (28,478) (33,565) (133,802) (347,421)
Exploration cost    (1,047,110)    (4,914,396)
Write-off/Impairment on property, plant and equipment (130,143)    (1,042,138) (7,570,566)
General and administrative expenses (2,336,581) (5,459,069) (5,819,652) (11,515,054)
Other operating income 713,968 1,368,074 847,146 1,783,157
Total Costs and Expenses (18,901,451) (29,015,730) (61,814,669) (92,042,172)
INCOME FROM OPERATIONS 5,628,881 8,746,245 17,839,183 42,399,147
OTHER INCOME (EXPENSE)        
Interest expense (50,896) (51,994) (159,563) (159,950)
Interest income 64,557 69,641 248,362 198,416
INCOME BEFORE TAXES 5,642,542 8,763,892 17,927,982 42,437,613
INCOME TAXES (1,529,326) (3,179,546) (4,838,985) (12,465,013)
NET INCOME 4,113,216 5,584,346 13,088,997 29,972,600
COMPREHENSIVE INCOME:        
Net income 4,113,216 5,584,346 13,088,997 29,972,600
OTHER COMPREHENSIVE INCOME        
Foreign currency translation adjustments (721,067) 4,168,644 (1,759,171) 9,006,445
COMPREHENSIVE INCOME $ 3,392,149 $ 9,752,990 $ 11,329,826 $ 38,979,045
EARNINGS PER SHARE:        
BASIC $ 0.12 $ 0.16 $ 0.38 $ 0.86
DILUTED $ 0.12 $ 0.16 $ 0.37 $ 0.86
WEIGHTED AVERAGE NUMBER OF SHARES:        
BASIC 34,560,743 34,620,004 34,560,743 34,694,607
DILUTED 34,699,989 34,620,004 34,957,219 34,695,664