CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Dec. 31, 2011
Cash and cash equivalents	$ 1,324,044	$ 363,771
Account receivable net of allowance for doubtful accounts $58,083 and $57,994, respectively	781,027	804,577
Inventories	3,825,120	4,065,987
Due from stockholders and related parties	4,926
Prepaid expenses and other current assets	2,302,992	1,001,660
TOTAL CURRENT ASSETS	8,238,109	6,235,995
Property, machinery and mining assets, net	20,176,477	20,370,831
Asset held for sale	926,178	924,765
Non-marketable investments	55,591	55,506
Investment in and advances to Joint Venture	454,125	581,963
Total non-current assets	21,612,371	21,933,065
TOTAL ASSETS	29,850,480	28,169,060
Short-term loan	6,914,741	4,050,374
Account payable - trade	235,965	202,853
Account payable - construction vendors	1,464,323	1,493,155
Accrued expenses and other current liabilities	2,365,245	2,677,948
Due to stockholders and related parties	211,221	214,213
TOTAL CURRENT LIABILITIES	11,191,495	8,638,543
Preferred stock, $.001 par value, 25,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2012 and December 31, 2011
Common stock, $.001 par value, 100,000,000 shares authorized, 51,795,961 shares issued and 49,377,038 shares outstanding at March 31, 2012 and December 31, 2011	51,796	51,796
Additional paid-in capital	32,752,661	32,609,043
Treasury stock, 2,418,923 shares at cost	(5,216,770)	(5,216,770)
Accumulated deficit	(11,941,676)	(10,897,576)
Accumulated other comprehensive income	3,012,974	2,984,024
TOTAL STOCKHOLDERS' EQUITY	18,658,985	19,530,517
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 29,850,480	$ 28,169,060