XML 32 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.6

RELATED PARTY TRANSACTIONS: (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2013
RELATED PARTY TRANSACTIONS: |
Receivable and payable balances with related parties | Receivable and payable balances with related parties are shown below (in millions):
|  | As of |
|  | March 31, 2013 |  | December 31, 2012 |
Related parties receivable current: |  |  |  |  |
Grupo Mexico S.A.B de C.V. and affiliates |  | $ | 0.8 |  | $ | 1.8 |
Asarco LLC. |  | 9.2 |  | — |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 0.6 |  | 0.5 |
Compania Minera Coimolache S.A. |  | 23.4 |  | 23.4 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.2 |  | — |
|  | $ | 34.2 |  | $ | 25.7 |
Related parties recei vable non-current: |  |  |  |  |
Mexico Generadora de Energia S.de R.L. (“MGE”) |  | $ | 173.4 |  | $ | 184.0 |
Related parties payable: |  |  |  |  |
Grupo Mexico S.A.B. de C.V. and affiliates |  | $ | 0.7 |  | $ | — |
Asarco LLC |  | — |  | 15.3 |
Higher Technology S.A.C. |  | 0.1 |  | 0.2 |
Breaker, S.A. de C.V |  | 0.3 |  | — |
Mexico Transportes Aereos S.A. de C.V. (“Mextransport”) |  | 0.4 |  | 0.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | — |  | 2.1 |
Ferrocarril Mexicano S.A. de C.V. |  | 2.6 |  | 2.6 |
|  | $ | 4.1 |  | $ | 20.3 |
Purchase activity with related parties | The following table summarizes the purchase activity with related parties in the three months ended March 31, 2013 and 2012 (in millions):
|  | As of March 31, |
|  | 2013 |  | 2012 |
Grupo Mexico and affiliates: |  |  |  |  |
Grupo Mexico Servicios S.A de C.V |  | $ | 3.5 |  | $ | 3.5 |
Asarco LLC. |  | 32.9 |  | 5.6 |
Ferrocarril Mexicano S.A de C.V. |  | 5.8 |  | 4.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 9.3 |  | 11.2 |
Cia Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 0.6 |  | 0.1 |
Other Larrea family companies: |  |  |  |  |
Mextransport |  | 0.6 |  | 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 |  | 0.1 |  | — |
Breaker S.A. de C.V. |  | 0.8 |  | 0.5 |
Total purchases |  | $ | 54.0 |  | $ | 26.0 |
Sales and other revenue activity with related parties | The following table summarizes the sales and other revenue activity with related parties in the first quarter of 2013 and 2012 (in millions):
|  | As of March 31, |
|  | 2013 |  | 2012 |
Asarco |  | $ | 36.6 |  | $ | 11.0 |
Mexico Proyectos y Desarrollos, S.A. de C.V. |  | 0.2 |  | 0.1 |
Cia Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 0.1 |  | — |
MGE |  | 0.1 |  |  |
Mextransport |  | 0.1 |  | 0.7 |
Total |  | $ | 37.1 |  | $ | 11.8 |
Mexico Transportes Aereos S.A. de C.V. ("Mextransport") |
RELATED PARTY TRANSACTIONS: |
Conditions and balance of loan guarantee for related party |
|  | Loan |
Original loan balance (in millions) |  | $ | 8.5 |
Maturity |  | August 2013 |
Interest rate |  | Libor + 0.15 | %
Remaining balance at March 31, 2013 (in millions) |  | $ | 0.6 |
Compania Minera Coimolache S.A. |
RELATED PARTY TRANSACTIONS: |
Conditions and balance of loan guarantee for related party | Conditions and balance of the loan as of March 31, 2013 are as follows (in millions):
|  | Loan |
Total loan granted |  | $ | 56.6 |
Interest rate |  | 6 months Libor + 3% (approximately 3.45 | )%
Remaining balance at March 31, 2013 |  | $ | 23.4 |
Interest earned in the first quarter 2013 |  | $ | 0.4 |
Interest earned in the first quarter 2012 |  | $ | 0.5 |

X
- Definition Tabular disclosure of loan guaranties provided for related parties. + References No definition available. + Details
Name: | scco_ScheduleOfRelatedPartyTransactionDebtGuaranteeTableTextBlock
Namespace Prefix: | scco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of balances receivable from and payable to related parties. + References No definition available. + Details
Name: | scco_ScheduleOfRelatedPartyTransactionsAccountsReceivableAndAccountsPayableByRelatedPartyTableTextBlock
Namespace Prefix: | scco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of purchase activity with related parties. + References No definition available. + Details
Name: | scco_ScheduleOfRelatedPartyTransactionsPurchasesFromRelatedPartyTableTextBlock
Namespace Prefix: | scco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of sales activity with related parties. + References No definition available. + Details
Name: | scco_ScheduleOfRelatedPartyTransactionsRevenuesFromRelatedPartyTableTextBlock
Namespace Prefix: | scco_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RelatedPartyTransactionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration