Commitments and Contingencies (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2012

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

SC Coke entered into agreements as a guarantor of debt for seventeen companies (the “guarantees”) in the amount of approximately $116,070,023 at September 30, 2012. Of the aforementioned guarantees, seven of the thirty companies have, in turn, guaranteed debts of approximately $77, 542,974 on behalf of SC Coke at September 30, 2012. SC Coke has not historically incurred any losses due to such debt guarantees. Additionally, the Company has determined that the fair value of the guarantees is immaterial. For more details of the outstanding guarantees, see the table below:

		Guarantee
Guarantee Beneficiary	Creditor	End		9/30/2011
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China - Linzhou Branch		2013.4.16		3,154,077
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China - Linzhou Branch		2013.1.11		4,731,115
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China - Linzhou Branch		2013.5.20		3,154,077
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China - Linzhou Branch		2013.6.18		7,885,192
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China - Linzhou Branch		2013.8.23		7,885,192
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Linzhou Commercial Bank		2013.2.13		3,154,077
Henan Hubo Cement Co., Ltd.	Bank of China - Anyang Branch		2012.11.14		4,731,115
Henan Liyuan Coking Co., Ltd	China Merchants Bank - Anyang Branch		2013.1.31		1,577,038
Henan Liyuan Coking Co., Ltd	Shanghai Pudong Development Bank -Zhengzhou Branch		2013.12.20		7,885,192
Henan Liyuan Coking Co., Ltd	Shanghai Pudong Development Bank -Zhengzhou Branch		2013.2.16		7,096,672
Henan Liyuan Coking Co., Ltd	China Merchants Bank - Anyang Branch		2013.3.20		3,154,077
Henan Liyuan Coking Co., Ltd	China Merchants Bank - Anyang Branch		2013.2.1		3,154,077
Henan Liyuan Coking Co., Ltd	Bank of Luoyang - Zhengzhou Branch		2013.2.20		4,731,115
Henan Liyuan Coking Co., Ltd	Bank of China - Pangeng Branch		2013.3.23		6,308,153
Henan Chengyu Coking Co., Ltd	Tongye Credit Union		2013.3.30		3,154,077
Henan Chengyu Coking Co., Ltd	Guangdong Development Bank - Anyang Branch		2013.2.8		9,462,230
Henan Fengtai Food Co.,	China Minsheng Banking - Zhengzhou Branch		2013.4.8		1,577,038
Henan Baoshun Chemical Tech Co., Ltd	Bank of Luoyang - Zhengzhou Branch		2013.6.18		9,462,230
Anyang Xinpu Steel Co., Ltd - Zhanqian	Shanghai Pudong Development Bank -Zhengzhou Branch		2013.1.18		1,577,038
Anyang Xinpu Steel Co., Ltd - Houde	Citic Bank - Anyang Branch		2013.6.19		1,577,038
Anyang Xinpu Steel Co., Ltd	City Cooperative		2013.7.18		2,996,373
Henan Yuxin Acticated Carbon Co., Ltd	China Construction Bank - Anyang Branch		2013.1.4		1,892,446
Henan Yulong Coking Co., Ltd - Lichuang	Guangdong Development Bank - Anyang Branch		2013.3.10		3,154,077
Henan Yulong Coking Co., Ltd	Tongye Credit Union		2013.2.15		3,154,077
Linzhou Fengbao Pipe Co., Ltd	China Minsheng Banking - Anyang Branch		2013.3.30		7,885,192
Anyang Zhongyang Industrial Co., Ltd	Bank of Luoyang - Zhengzhou Branch		2012.11.26		1,577,038

				$	116,070,023

SC Coke entered into agreements as a guarantor of debt for thirteen companies (the “guarantees”) in the amount of approximately $123,682,186 at December 31, 2011. Of the aforementioned guarantees, six of the thirteen companies have, in turn, guaranteed debts of approximately $57,897,466 on behalf of SC Coke at December 31, 2011. SC Coke has not historically incurred any losses due to such debt guarantees. Additionally, the Company has determined that the fair value of the guarantees is immaterial. For more details of the outstanding guarantees, see the table below:

		Guarantee
Guarantee Beneficiary	Creditor	End		12/31/2011

Anshan Minshan Metal Co., Ltd.	Agricultural Bank of China – Anyang Branch		2/23/2012	$	613,682
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China – Linzhou Branch		5/15/2012		3,142,332
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China – Linzhou Branch		4/9/2012		3,142,332
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China – Linzhou Branch		7/3/2012		7,855,830
Linzhou Hongqiqu Electrical Carbon Co., Ltd	Agricultural Bank of China – Linzhou Branch		9/2/2012		7,855,830
Anyang Hengxiang Coal Co., Ltd.	Agricultural Bank of China – Anyang Branch		5/28/2012		659,890
Henan Hubo Cement Co., Ltd.	Bank of China – Anyang Branch		11/14/2012		4,713,498
Henan Hubo Cement Co., Ltd.	Guangdong Development Bank - Anyang Branch		6/16/2012		3,770,798
Anyang Liyuan Coking Co., Ltd	China Citic Bank		11/25/2012		6,284,664
Anyang Liyuan Coking Co., Ltd	Commercial Banks of China - Anyang Branch		1/5/2013		4,713,498
Anyang Liyuan Coking Co., Ltd	Shanghai Pudong Development Bank – Zhengzhou Branch		2/21/2012		32,994,485
Anyang Liyuan Coking Co., Ltd	China Citic Bank		9/15/2012		3,142,332
Anyang Liyuan Coking Co., Ltd	Bank of Luoyang		3/9/2012		4,085,032
Anyang Liyuan Coking Co., Ltd	Agricultural Bank of China		6/24/2012		3,142,332
Anyang Liyuan Coking Co., Ltd	Agricultural Bank of China		6/16/2012		3,142,332
Anyang Xintianhe Cement Co., Ltd	Guangdong Development Bank		6/13/2012		6,284,664
Henan Chengyu Coking Co., Ltd	Guangdong Development Bank - Anyang Branch		9/20/2012		9,426,996
Henan Chengyu Coking Co., Ltd	Anyang Rural Credit Cooperative - Tongye Branch		2/20/2012		3,142,332
Anyang Lichuang Co.	Guangdong Development Bank - Anyang Branch		3/8/2012		3,142,332
Henan Xinlei Group	Bank of Minsheng – Zhengzhou Branch		10/10/2012		1,571,166
Anyang Xinpu Steel Co., Ltd	City Cooperative		6/4/2012		7,070,247
Anyang Qili Cement Co., Ltd	Commercial Bank of Anyang		5/23/2012		628,466
Anyang Hongyuan Yinsheng Steel Co., Ltd	Commercial Bank of Anyang		5/5/2012		314,233
Taifeng Company	Bank of Mingsheng – Zhengzhou Branch		8/26/2012		1,571,166
Anyang Yuxin Activity of Limestone Co., Ltd.	China Construction Bank		1/4/2013		1,885,399
				$	123,682,186

Commitments for Minimum Lease Payments and Related Principal Outstanding

The following table details SC Coke’s commitments for minimum lease payments and the related principal outstanding at September 30, 2012:

Quarter ending September 30, 2012:	Principal		Payments
2012	$	1,427,089	$	1,859,709
2013		3,985,768		4,865,089
2014		4,338,791		4,865,089
2015		2,633,837		2,856,147
2016		1,163,850		1,190,061
Total future minimum lease payments	$	13,549,335	$	15,636,095

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details

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