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RELATED PARTY TRANSACTIONS: (Tables)
 12 Months Ended
Dec. 31, 2011
RELATED PARTY TRANSACTIONS:  
Receivable and payable balances with related parties

 

 

 

 

As of December 31,

 

 

 

2011

 

2010

 

 

 

 

 

 

 

Affiliate receivable:

 

 

 

 

 

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

 

$

0.7

 

$

32.7

 

Asarco LLC

 

0.2

 

—

 

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

 

0.1

 

—

 

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

 

1.0

 

—

 

 

 

$

2.0

 

$

32.7

 

Affiliate payable:

 

 

 

 

 

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

 

$

2.0

 

$

2.3

 

Higher Technology S.A.C.

 

0.1

 

0.1

 

Breaker, S.A. de C.V

 

0.2

 

0.3

 

Pigoba, S.A. de C.V

 

—

 

0.1

 

Consorcio Tricobre

 

—

 

0.5

 

Exploraciones Mineras del Peru S.A.C.

 

0.3

 

—

 

Mexico transportes aereos S.A. de C.V. (“Mextransport”)

 

0.5

 

0.4

 

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

 

—

 

0.9

 

Ferrocarril Mexicano S.A. de C.V.

 

1.3

 

0.1

 

 

 

$

4.4

 

$

4.7

 
Purchase activity with related parties

 

 

 

 

2011

 

2010

 

2009

 

Grupo Mexico and affiliates:

 

 

 

 

 

 

 

Grupo Mexico S.A B. de C.V

 

$

13.9

 

$

10.9

 

$

13.8

 

Ferrocarril Mexicano, S.A de C.V.

 

11.6

 

3.5

 

6.0

 

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

 

32.4

 

29.0

 

15.1

 

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

 

1.8

 

0.2

 

—

 

Consorcio Tricobre

 

0.5

 

5.3

 

—

 

Consorcio CESEL — CONSUTEC

 

3.3

 

—

 

—

 

Exploraciones Mineras del Peru S.A.C.

 

2.0

 

—

 

—

 

Asarco LLC

 

23.4

 

6.6

 

—

 

 

 

 

 

 

 

 

 

Other Larrea family companies:

 

 

 

 

 

 

 

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

 

0.2

 

2.3

 

0.3

 

Mextransport

 

2.8

 

3.0

 

1.9

 

Cadena Mexicana de Exhibicion S.A. de C.V.

 

—

 

0.2

 

0.3

 

 

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers’ families:

 

 

 

 

 

 

 

Higher Technology S.A.C.

 

1.9

 

2.8

 

5.4

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

0.6

 

0.2

 

0.3

 

Sempertrans France Belting Technology

 

0.2

 

0.4

 

0.6

 

PIGOBA, S.A. de C.V.

 

0.2

 

0.6

 

0.1

 

Breaker, S.A. de C.V.

 

5.3

 

1.5

 

0.9

 

Total purchased

 

$

100.1

 

$

66.5

 

$

44.7

 
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 December 31, 2011 (in millions)

 

$2.6

 
Sales activity with related parties

 

 

 

 

2011

 

2010

 

Asarco

 

$

68.8

 

$

43.5

 

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

 

0.5

 

0.5

 

Perforadora Mexico S.A. de C.V.

 

0.2

 

0.2

 

Total

 

$

69.5

 

$

44.2