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RELATED PARTY TRANSACTIONS: (Tables)
6 Months Ended
Jun. 30, 2012
RELATED PARTY TRANSACTIONS:  
Receivable and payable balances with affiliated companies

 

 

 

 

As of

 

 

 

June 30,
2012

 

December 31,
2011

 

Affiliate receivable:

 

 

 

 

 

Grupo Mexico, S.A.B de C.V. (“Grupo Mexico”) and affiliates

 

$

0.8

 

$

0.7

 

Asarco LLC (“Asarco”)

 

 

0.2

 

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

 

0.3

 

0.1

 

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

 

1.3

 

1.0

 

 

 

$

2.4

 

$

2.0

 

Affiliate payable:

 

 

 

 

 

Grupo Mexico and affiliates

 

$

4.5

 

$

2.0

 

Asarco

 

1.0

 

 

Higher Technology S.A.C.

 

0.5

 

0.1

 

Breaker S.A. de C.V

 

0.2

 

0.2

 

Exploraciones Mineras del Peru S.A.C.

 

 

0.3

 

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

 

0.4

 

0.5

 

Ferrocarril Mexicano, S.A. de C.V.

 

1.0

 

1.3

 

 

 

$

7.6

 

$

4.4

 

 

Purchase activity with related parties

 

 

 

 

Six months ended
June 30,

 

 

 

2012

 

2011

 

Grupo Mexico and affiliates:

 

 

 

 

 

Grupo Mexico Servicios, S.A de C.V

 

$

6.9

 

$

7.0

 

Asarco

 

16.4

 

7.7

 

Ferrocarril Mexicano, S.A de C.V.

 

7.4

 

4.1

 

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

 

1.1

 

0.4

 

Consorcio Tricobre

 

 

0.5

 

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

 

24.8

 

15.9

 

 

 

 

 

 

 

Other Larrea family companies:

 

 

 

 

 

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

 

 

0.2

 

Mextransport

 

1.5

 

1.3

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers families:

 

 

 

 

 

Higher Technology S.A.C.

 

1.5

 

0.9

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

0.1

 

0.2

 

Sempertrans France Belting Technology

 

 

0.2

 

PIGOBA, S.A. de C.V.

 

0.1

 

0.1

 

Breaker, S.A. de C.V.

 

1.2

 

2.9

 

Total purchased

 

$

61.0

 

$

41.4

 

 

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 June 30, 2012 (in millions)

 

$1.9

 

 

Sales and other revenue activity with related parties

 

 

 

 

3 Months Ended
June 30,

 

6 Months Ended
June 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Asarco

 

$

0.4

 

$

34.6

 

$

11.4

 

$

52.5

 

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

 

0.1

 

 

0.2

 

 

Mextransport

 

0.1

 

 

0.8

 

 

Total

 

$

0.6

 

$

34.6

 

$

12.4

 

$

52.5