Annual report pursuant to section 13 and 15(d)

ACCRUED LIABILITIES IN SAUDI ARABIA

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ACCRUED LIABILITIES IN SAUDI ARABIA
12 Months Ended
Dec. 31, 2012
ACCRUED LIABILITIES IN SAUDI ARABIA [Abstract]  
ACCRUED LIABILITIES IN SAUDI ARABIA
NOTE 14 – ACCRUED LIABILITIES IN SAUDI ARABIA

After the contribution of the Company's mining properties to AMAK as discussed in Note 10, the Company closed the branch office in Saudi Arabia, started the legal process of terminating employees located there, and paid termination benefits and other liabilities.  Accrued liabilities in Saudi Arabia at December 31 are summarized as follows:

   
2012
   
2011
 
   
(thousands of dollars)
 
Termination benefits
  $ 43     $ 43  
Other liabilities
    97       97  
                 
   Total
  $ 140     $ 140