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RELATED PARTY TRANSACTIONS: (Tables) | 12 Months Ended
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Dec. 31, 2012
Related party transactions |
Receivable and payable balances with related parties | Receivable and payable balances with related parties are shown below (in millions):
|  | As of December 31, |
|  | 2012 |  | 2011 |
Related parties receivable current: |  |  |  |  |
Grupo Mexico, S.A.B de C.V. and affiliates |  | $ | 1.8 |  | $ | 0.7 |
Asarco LLC |  | — |  | 0.2 |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 0.5 |  | 0.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | — |  | 1.0 |
|  | $ | 2.3 |  | $ | 2.0 |
Related parties receivable non-current: |  |  |  |  |
Mexico Generadora de Energia S.de R.L. (“MGE”) |  | $ | 184.0 |  | $ | — |
Related parties payable: |  |  |  |  |
Grupo Mexico S.A.B. de C.V. and affiliates |  | $ | — |  | $ | 2.0 |
Asarco LLC |  | 15.3 |  |  |
Higher Technology S.A.C. |  | 0.2 |  | 0.1 |
Breaker, S.A. de C.V |  | — |  | 0.2 |
Mexico Transportes Aereos S.A. de C.V. (“Mextransport”) |  | 0.1 |  | 0.5 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 2.1 |  | 0.3 |
Ferrocarril Mexicano S.A. de C.V. |  | 2.6 |  | 1.3 |
|  | $ | 20.3 |  | $ | 4.4 |
Purchase activity with related parties | The following table summarizes the purchase activity with related parties in 2012, 2011 and 2010 (in millions):
|  | 2012 |  | 2011 |  | 2010 |
Grupo Mexico and affiliates: |  |  |  |  |  |  |
Grupo Mexico S.A B. de C.V |  | $ | 13.9 |  | $ | 13.9 |  | $ | 10.9 |
Ferrocarril Mexicano, S.A de C.V. |  | 13.9 |  | 11.6 |  | 3.5 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 49.5 |  | 34.4 |  | 29.0 |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 2.2 |  | 1.8 |  | 0.2 |
Consorcio Tricobre |  | — |  | 0.5 |  | 5.3 |
Consorcio CESEL — CONSUTEC |  | — |  | 3.3 |  | — |
Asarco LLC |  | 58.6 |  | 23.4 |  | 6.6 |
Other Larrea family companies: |  |  |  |  |  |  |
Mexico Compania de Productos Automotrices, S.A. de C.V. |  | — |  | 0.2 |  | 2.3 |
Mextransport |  | 2.7 |  | 2.8 |  | 3.0 |
Cadena Mexicana de Exhibicion S.A. de C.V. |  | — |  | — |  | 0.2 |
Companies with relationships to SCC executive officers’ families: |  |  |  |  |  |  |
Higher Technology S.A.C. |  | 3.1 |  | 1.9 |  | 2.8 |
Servicios y Fabricaciones Mecanicas S.A.C. |  | 0.2 |  | 0.6 |  | 0.2 |
Sempertrans France Belting Technology |  | 0.3 |  | 0.2 |  | 0.4 |
PIGOBA, S.A. de C.V. |  | 0.8 |  | 0.2 |  | 0.6 |
Breaker, S.A. de C.V. |  | 2.3 |  | 5.3 |  | 1.5 |
Total purchased |  | $ | 147.5 |  | $ | 100.1 |  | $ | 66.5 |
Conditions and balance of loan guarantee for related party | Conditions and balance as of December 31, 2012 are as follows:
|  | Loan Open |
Original loan balance (in millions) |  | $8.5 |
Maturity |  | August 2013 |
Interest rate |  | Libor + 0.15% |
Remaining balance at December 31, 2012 (in millions) |  | $1.3 |
Sales and other revenue activity with related parties | The following table summarizes the sales and other revenue activity with related parties in 2012 and 2011 (in millions).
|  | 2012 |  | 2011 |  | 2010 |
Asarco |  | $ | 23.5 |  | $ | 68.8 |  | $ | 43.5 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.5 |  | 0.5 |  | 0.5 |
Perforadora Mexico S.A. de C.V. |  | — |  | 0.2 |  | 0.2 |
Mextransport |  | 0.9 |  | — |  | — |
Total |  | $ | 24.9 |  | $ | 69.5 |  | $ | 44.2 |

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