DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

Income (Loss) fom Discontinued Contract Mining Operations

Income (loss) from discontinued contract mining operations for the years ended December 31, 2011 and 2010 was calculated as follows:

	2011			2010
General and administrative expenses	$	(910	)	$	(12,962	)
Payment of prior year income taxes					(550	)
Collection of previously recorded bad debt					234,524
Gain on settlement of debts					27,192
Gain (loss) on disposal of assets					2,500
Loss on impairment of assets		(4,862	)		(126,876	)
Income (loss) from discontinued operations	$	(5,772	)	$	123,828

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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