INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY (AMAK) (Tables)

3 Months Ended

Mar. 31, 2013

INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK") [Abstract]

Equity in Income or Loss of AMAK Reflected on Consolidated Statement Of Operation

The equity in the income or loss of AMAK reflected on the consolidated statement of income for the quarters ended March 31, 2013, and 2012, is comprised of the following:

	2013			2012
	(Thousands of Dollars)
Company's share of income (loss) reported by AMAK	$	-		$	(213	)
Additional adjustment from the 2012 AMAK Audited Financials		(39	)		-
Amortization of difference between Company's investment in AMAK
and Company's share of net assets of AMAK		337			-
Equity in income (loss) of AMAK	$	298		$	(213	)