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RELATED PARTY TRANSACTIONS: (Tables) | 9 Months Ended
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Sep. 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 |
|  | September 30, 2013 |  | December 31, 2012 |
Related parties receivables, current: |  |  |  |  |
Grupo Mexico, S.A.B de C.V. (“Grupo Mexico”) and affiliates |  | $ | 0.8 |  | $ | 1.8 |
Mexico Generadora de Energía S. de R.L. (“MGE”) |  | 8.2 |  | — |
Compania Perforadora Mexico, S.A.P.I. de C.V. |  | 0.9 |  | 0.5 |
Compania Minera Coimolache S.A. |  | 20.5 |  | 23.4 |
|  | $ | 30.4 |  | $ | 25.7 |
Related parties receivable, non-current: |  |  |  |  |
MGE |  | $ | 161.2 |  | $ | 184.0 |
Related parties payables: |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 0.8 |  | $ | — |
Asarco LLC |  | 6.8 |  | 15.3 |
Higher Technology S.A.C. |  | 0.1 |  | 0.2 |
Breaker S.A. de C.V |  | 0.2 |  | — |
Mexico Transportes Aereos, S.A. de C.V. (“Mextransport”) |  | 0.3 |  | 0.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 1.8 |  | 2.1 |
Ferrocarril Mexicano, S.A. de C.V. |  | 3.4 |  | 2.6 |
|  | $ | 13.4 |  | $ | 20.3 |
Purchase activity with related parties | The following table summarizes the purchase activity with related parties in the nine months ended September 30, 2013 and 2012 (in millions):
|  | Nine months ended September 30, |
|  | 2013 |  | 2012 |
Grupo Mexico and affiliates: |  |  |  |  |
Grupo Mexico Servicios, S.A de C.V |  | $ | 10.4 |  | $ | 10.5 |
Asarco LLC |  | 82.0 |  | 33.0 |
Ferrocarril Mexicano, S.A de C.V. |  | 14.9 |  | 10.7 |
Compania Perforadora Mexico, S.A.P.I. de C.V and affiliates |  | 4.1 |  | 2.2 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 36.5 |  | 37.2 |
Other Larrea family companies: |  |  |  |  |
Mextransport |  | 2.0 |  | 2.0 |
Companies with relationships to SCC executive officers families: |  |  |  |  |
Higher Technology S.A.C. |  | 1.7 |  | 2.3 |
Servicios y Fabricaciones Mecanicas S.A.C. |  | 0.2 |  | 0.1 |
Sempertrans |  | 1.0 |  | 0.1 |
PIGOBA, S.A. de C.V. |  | 0.1 |  | 0.5 |
Breaker, S.A. de C.V. |  | 2.7 |  | 1.8 |
Total purchased |  | $ | 155.6 |  | $ | 100.4 |
Sales and other revenue activity | The following table summarizes the sales and other revenue activity in the three and nine months ended September 30, 2013 and 2012 (in millions):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Asarco |  | $ | — |  | $ | 11.5 |  | $ | 71.8 |  | $ | 22.9 |
Mexico Proyectos y Desarrollos, S.A. de C.V. |  | 0.2 |  | 0.1 |  | 0.6 |  | 0.3 |
Compania Perforadora Mexico, S.A.P.I. de C.V and affiliates |  | 0.1 |  | 0.2 |  | 0.4 |  | 0.2 |
MGE |  | 10.9 |  |  |  | 11.6 |  |  |
Mextransport |  | — |  | 0.1 |  | 0.2 |  | 0.9 |
Total |  | $ | 11.2 |  | $ | 11.9 |  | $ | 84.6 |  | $ | 24.3 |
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 September 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 September 30, 2013 |  | $20.5 |
|  | Three months ended |  | Nine months ended |
|  | September 30, |  | September 30, |
Interest: |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Interest earned |  | $ | 0.2 |  | $ | 0.5 |  | $ | 0.8 |  | $ | 1.5 |

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