Annual report pursuant to Section 13 and 15(d)

AMAK Asset Retirement Obligations (Tables)

v3.20.4
AMAK Asset Retirement Obligations (Tables) - AMAK
 12 Months Ended
Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]  
Deferred Mine Closure Costs
Deferred mine closure costs consisted of the following at:
September 30, December 31,
2020 2019
Cost 12,842,625  12,842,625 
Accumulated amortization (7,993,376) (7,631,120)
4,849,249  5,211,505 
Summary of Changes in Provision for Mine Closure Costs
A summary of changes in our provision for mine closure costs is as follows:
September 30, December 31,
2020 2019 2018
Balance, beginning of period 16,625,347  16,063,136  15,519,938 
Accretion expense 405,558  562,211  543,198 
Balance, end of period 17,030,905  16,625,347  16,063,136