Property, Plant And Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

The following table shows the breakdown of the net book value of the property plant and equipment categories at March 31, 2013 and December 31, 2012:



	As of March 31, 2013							December 31, 2012
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Bogoso/Prestea	$	192,744	$	(115,168	)	$	77,576	$	189,247	$	(112,838	)	$	76,409
Bogoso refractory plant	195,559		(68,973		)	126,586		196,066		(67,230		)	128,836
Wassa/HBB	121,360		(68,817		)	52,543		120,766		(65,463		)	55,303
Corporate & other	1,334		(942		)	392		1,363		(925		)	438
Total	$	510,997	$	(253,900	)	$	257,097	$	507,442	$	(246,456	)	$	260,986

There was no interest capitalized in new additions to property, plant and equipment in the periods shown above.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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