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RELATED PARTY TRANSACTIONS: (Tables)
9 Months Ended
Sep. 30, 2011
RELATED PARTY TRANSACTIONS: 
Accounts receivable and payable with related parties

 

 

 

 

As of

 

 

 

September 30,
2011

 

December 31,
2010

 

Affiliate receivable:

 

 

 

 

 

Grupo Mexico, S.A.B de C.V. and affiliates

 

$

0.7

 

$

0.8

 

Mexico Proyectos y Desarrollos S.A de C.V. and affiliates

 

3.0

 

—

 

Asarco LLC

 

—

 

31.9

 

 

 

$

3.7

 

$

32.7

 

Affiliate payable:

 

 

 

 

 

Grupo Mexico S.A.B. de C.V. and affiliates

 

$

2.7

 

$

2.3

 

Ferrocarril Mexicano S.A. de C.V.

 

1.7

 

0.1

 

Asarco LLC

 

6.4

 

—

 

Mexico Transportes Aereos S.A de C.V. (“Mextransport”)

 

1.1

 

0.4

 

Mexico Proyectos y Desarrollos S.A de C.V. and affiliates

 

—

 

0.9

 

Consorcio Tricobre

 

—

 

0.5

 

Higher Technology S.A.C.

 

—

 

0.1

 

Breaker S.A. de C.V

 

0.8

 

0.3

 

Pigoba S.A. de C.V

 

—

 

0.1

 

Other

 

0.1

 

—

 

 

 

$

12.8

 

$

4.7

 

 

Purchase activity with related parties

 

 

 

 

Nine months ended
September 30,

 

 

 

2011

 

2010

 

Grupo Mexico and affiliates:

 

 

 

 

 

Grupo Mexico Servicios, S.A de C.V

 

$

10.4

 

$

10.3

 

Asarco LLC

 

17.2

 

—

 

Ferrocarril Mexicano, S.A de C.V.

 

8.9

 

2.2

 

Compania Perforadora Mexico S.A.P.I. de C.V and affiliates

 

0.5

 

0.2

 

Consorcio Tricobre

 

0.5

 

2.9

 

Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates

 

23.7

 

21.8

 

 

 

 

 

 

 

Other Larrea family companies:

 

 

 

 

 

Mexico Compania de Productos Automotrices, S.A. de C.V.

 

0.2

 

1.9

 

Mextransport

 

1.9

 

2.4

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers families:

 

 

 

 

 

Higher Technology S.A.C.

 

1.6

 

2.3

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

0.5

 

0.2

 

Sempertrans France Belting Technology

 

0.2

 

0.3

 

PIGOBA, S.A. de C.V.

 

0.2

 

0.5

 

Breaker, S.A. de C.V.

 

4.4

 

0.5

 

Total purchased

 

$

70.2

 

$

45.5

 

 

Conditions and balance of loan guarantee for related party

 

 

 

 

Loan Open

 

Original loan balance (in millions)

 

$8.5

 

Maturity

 

August 2013

 

Interest rate

 

Libor + 0.15%

 

Remaining balance at September 30, 2011 (in millions)

 

$2.6

 

 

Sales activity with related parties

 

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Asarco

 

$

16.3

 

$

3.4

 

$

68.8

 

$

8.5

 

Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates

 

$

0.1

 

$

0.1

 

$

0.4

 

$

0.3

 

Compania Perforadora Mexico S.A.P.I. de C.V and affiliates

 

$

(*

)

$

(*

)

$

0.1

 

$

0.1

 

 

 

(*) Less than $0.1 million