XML 33 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
RELATED PARTY TRANSACTIONS: (Tables)
3 Months Ended
Mar. 31, 2012
RELATED PARTY TRANSACTIONS:  
Receivable and payable balances with affiliated companies

 

 

 

 

As of

 

 

 

March 31, 2012

 

December 31, 2011

 

Affiliate receivable:

 

 

 

 

 

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

 

$

0.8

 

$

0.7

 

Asarco LLC.

 

 

0.2

 

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

 

0.2

 

0.1

 

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

 

 

1.0

 

 

 

$

1.0

 

$

2.0

 

 

 

 

 

 

 

Affiliate payable:

 

 

 

 

 

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

 

$

2.7

 

$

2.0

 

Asarco LLC

 

4.9

 

 

Higher Technology S.A.C.

 

 

0.1

 

Breaker S.A. de C.V

 

0.4

 

0.2

 

Exploraciones Mineras del Peru S.A.C.

 

0.1

 

0.3

 

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

 

1.2

 

0.5

 

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

 

1.5

 

 

Ferrocarril Mexicano S.A. de C.V.

 

1.2

 

1.3

 

 

 

$

12.0

 

$

4.4

 

Purchase activity with related parties

 

 

 

 

As of March 31,

 

 

 

2012

 

2011

 

Grupo Mexico and affiliates:

 

 

 

 

 

Grupo Mexico Servicios S.A de C.V

 

$

3.5

 

$

3.5

 

Asarco LLC.

 

5.6

 

7.7

 

Ferrocarril Mexicano S.A de C.V.

 

4.1

 

0.5

 

Mexico Constructora Industrial S.A. de C.V.

 

11.2

 

7.2

 

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

 

0.1

 

0.1

 

Consortio Tricobre

 

 

0.1

 

Other Larrea family companies:

 

 

 

 

 

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

 

 

0.1

 

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

 

0.7

 

0.7

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers families:

 

 

 

 

 

Higher Technology S.A.C.

 

0.3

 

0.3

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

 

0.1

 

Sempertrans France Belting Technology

 

 

0.2

 

PIGOBA S.A. de C.V.

 

 

0.1

 

Breaker S.A. de C.V.

 

0.5

 

1.1

 

Total purchases

 

$

26.0

 

$

21.7

 

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 March 31, 2012 (in millions)

 

$1.9

 

Sales activity with related parties

 

 

 

 

As of March 31,

 

 

 

2012

 

2011

 

Asarco

 

$

11.0

 

$

17.9

 

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

 

0.1

 

0.1

 

Mextransport

 

0.7

 

 

Total

 

$

11.8

 

$

18.0