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RELATED PARTY TRANSACTIONS: (Tables)
12 Months Ended
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