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EXPENDITURE ON WATER POLLUTION TREATMENT | 12 Months Ended
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Dec. 31, 2023
Environmental Remediation Obligations [Abstract] |
EXPENDITURE ON WATER POLLUTION TREATMENT | NOTE 15– EXPENDITURE ON WATER POLLUTION TREATMENT
|  | December 31, 2023 |  | December 31, 2022
Expenditure on water pollution treatment |  | $ | 46,510,856 |  |  | $ | — |
Total |  | $ | 46,510,856 |  |  | $ | — |
The Company had done the flood prevention project which involved the renovation of the channels of four major rivers within our mining area, encompassing the tributary of the Mihe River. The aim is to prevent flooding that could harm the wells, aqueducts and crude salt pans at our plant. This Project incurred total expense of $46,510,856. As of December 31, 2023, $48,384,711 (inclusive of tax) has been paid, and the remaining 5% guarantee will be paid in June 2024.

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