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CONCENTRATIONS
9 Months Ended
Sep. 30, 2013
CONCENTRATIONS [Text Block]

13.      CONCENTRATIONS

The Company currently sells 100% of its copper cathode production to Red Kite Master Fund Limited (“Red Kite”) under a cathode sales agreement effective September 30, 2013, as amended, which replaced an earlier long term cathode sales agreement between the parties that first became effective on February 1, 2008. The cathode sales agreement runs through December 31, 2013 with renewable extensions by mutual agreement of both parties. The Company considers the credit risk to be minimal since Red Kite is a large, well-capitalized and diversified multinational organization.