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EXPENDITURE ON WATER POLLUTION TREATMENT
 12 Months Ended
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.