Exhibit 12.1
 
Arabian American Development Company
Ratio of Earnings to Fixed Charges

The following table sets forth the calculation of our ratio of earnings to fixed charges for each of the periods indicated:

   
Six Months Ended
    
Year Ended December 31,
  
   
June 30, 2012
    
2011
    
2010
    
2009
    
2008
    
2007
  
   
(in thousands except ratio)
  
                                     
Income (loss) before minority interest
   $ 5,982     $ 12,557     $ 4,388     $ 10,971     $ (16,215 )   $ 11,175  
Fixed charges(1)
     529       1,155       1,171       1,378       1,021       411  
Earnings available to cover fixed
   charges
   $ 6,511     $ 13,712     $ 5,559     $ 12,349     $ (15,194 )   $ 11,586  
                                                 
Ratio of earnings to fixed charges
     12.32       11.87       4.75       8.96       N/A (2)     28.19  

(1)Fixed charges consist of the sum of (i) interest expense and capitalized, amortized premiums, discounts and capitalized expenses related to indebtedness and (ii) an estimate of the interest within rental expense (calculated based on a reasonable approximation of the interest factor).

(2) Earnings were deficient to fixed charges by $15.2 million.