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RELATED PARTY TRANSACTIONS: (Tables)
6 Months Ended
Jun. 30, 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

 

 

 

June 30,
 2013

 

December 31,
2012

 

Related parties receivable current:

 

 

 

 

 

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

 

$

0.8

 

$

1.8

 

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

 

0.7

 

0.5

 

Mexico Generadora de Energia S.de R.L. (“MGE”)

 

8.7

 

 

Compania Minera Coimolache S.A.

 

23.4

 

23.4

 

 

 

$

33.6

 

$

25.7

 

 

 

 

 

 

 

Related parties receivable non-current:

 

 

 

 

 

MGE

 

$

170.7

 

$

184.0

 

 

Related parties payable:

 

 

 

 

 

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

 

$

2.7

 

$

 

Asarco LLC

 

0.4

 

15.3

 

Higher Technology S.A.C.

 

0.1

 

0.2

 

Breaker S.A. de C.V

 

0.1

 

 

Sempertrans Belchatow SP. Z.O.O.

 

0.3

 

 

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

 

0.3

 

0.1

 

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

 

0.8

 

2.1

 

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

 

3.1

 

2.6

 

 

 

$

7.8

 

$

20.3

 

Purchase activity with related parties

The following table summarizes the purchase activity with related parties in the six months ended June 30, 2013 and 2012 (in millions):

 

 

 

Six months ended
June 30,

 

 

 

2013

 

2012

 

Grupo Mexico and affiliates:

 

 

 

 

 

Grupo Mexico Servicios, S.A de C.V

 

$

6.9

 

$

6.9

 

Asarco LLC

 

70.7

 

16.4

 

Ferrocarril Mexicano, S.A de C.V.

 

11.1

 

7.4

 

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

 

2.6

 

1.1

 

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

 

26.6

 

24.8

 

 

 

 

 

 

 

OtherLarrea family companies:

 

 

 

 

 

Mextransport

 

1.5

 

1.5

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers families:

 

 

 

 

 

Higher Technology S.A.C.

 

1.0

 

1.5

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

0.1

 

0.1

 

Sempertrans France Belting Technology

 

0.2

 

 

Sempertrans Belchatow SP. Z.O.O.

 

0.3

 

 

PIGOBA, S.A. de C.V.

 

0.1

 

0.1

 

Breaker, S.A. de C.V.

 

1.8

 

1.2

 

Breaker Peru S.A.C.

 

0.2

 

 

Total purchased

 

$

123.1

 

$

61.0

 

Sales and other revenue activity

The following table summarizes the sales and other revenue activity in the three and six months ended June 30, 2013 and 2012 (in millions):

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Asarco

 

$

35.2

 

$

0.4

 

$

71.8

 

$

11.4

 

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

 

0.2

 

0.1

 

0.4

 

0.2

 

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

 

0.2

 

 

0.3

 

 

MGE

 

0.6

 

 

0.7

 

 

Mextransport

 

0.1

 

0.1

 

0.2

 

0.8

 

Total

 

$

36.3

 

$

0.6

 

$

73.4

 

$

12.4

 

 

Mexico Transportes Aereos S.A. de C.V. ("Mextransport")
 
RELATED PARTY TRANSACTIONS:  
Conditions and balance of loan guarantee for related party

Conditions and balance as of June 30, 2013 are as follows:

 

 

 

Loan

 

Original loan balance (in millions)

 

$

8.5

 

Maturity

 

August 2013

 

Interest rate

 

Libor + 0.15%

 

Remaining balance at June 30, 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 June 30, 2013 are as follows (in millions):

 

 

 

Loan

 

Total loan granted

 

$56.6

 

Interest rate

 

6 months Libor + 3%

 

 

 

(approximately 3.45%)

 

Remaining balance at June 30, 2013

 

$25.3

 

 

 

 

Three months ended

 

Six months ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Interest:

 

 

 

 

 

 

 

 

 

Interest earned

 

$

0.2

 

$

0.6

 

$

0.6

 

$

1.1