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RELATED PARTY TRANSACTIONS: (Tables) | 12 Months Ended
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Dec. 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 December 31, |
|  | 2013 |  | 2012 |
Related parties receivable current: |  |  |  |  |
Grupo Mexico, S.A.B de C.V. (“Grupo Mexico”) and affiliates |  | $ | 0.8 |  | $ | 1.8 |
Mexico Generadora de Energia S. de R.L. (“MGE”) |  | 18.8 |  | — |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 0.7 |  | 0.5 |
Compania Minera Coimolache S.A. |  | 17.2 |  | 23.4 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.6 |  | — |
|  | $ | 38.1 |  | $ | 25.7 |
Related parties receivable non-current: |  |  |  |  |
MGE |  | $ | 161.2 |  | $ | 184.0 |
Related parties payable: |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 3.3 |  | $ | — |
MGE |  | 14.4 |  | — |
Asarco LLC |  | 6.2 |  | 15.3 |
Higher Technology S.A.C. |  | 0.1 |  | 0.2 |
Breaker, S.A. de C.V |  | 0.3 |  | — |
Sempertrans and affiliates |  | 0.1 |  | — |
Mexico Transportes Aereos S.A. de C.V. (“Mextransport”) |  | 0.6 |  | 0.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | — |  | 2.1 |
Ferrocarril Mexicano S.A. de C.V. |  | 3.3 |  | 2.6 |
|  | $ | 28.3 |  | $ | 20.3 |
Grupo Mexico and its affiliates |
Related party transactions |
Purchase and sales activities with related parties | The following table summarize the purchase and sale activities with Grupo Mexico and its affiliates in 2013, 2012 and 2011 (in millions):
|  | 2013 |  | 2012 |  | 2011 |
Purchase activity |  |  |  |  |  |  |
Grupo Mexico |  | $ | 13.8 |  | $ | 13.9 |  | $ | 13.9 |
Ferrocarril Mexicano, S.A de C.V. |  | 19.7 |  | 13.9 |  | 11.6 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 54.4 |  | 49.5 |  | 38.2 |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 6.1 |  | 2.2 |  | 1.8 |
MGE |  | 14.4 |  | — |  | — |
Asarco LLC |  | 98.0 |  | 58.6 |  | 23.4 |
Total Purchases |  | $ | 206.4 |  | $ | 138.1 |  | $ | 88.9 |
Sales activity |  |  |  |  |  |  |
Asarco |  | $ | 88.7 |  | $ | 23.5 |  | $ | 68.8 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.8 |  | 0.5 |  | 0.5 |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 0.6 |  | — |  | 0.2 |
MGE |  | 27.3 |  | — |  | — |
Total |  | $ | 117.4 |  | $ | 24.0 |  | $ | 69.5 |
Companies with relationship to the controlling group |
Related party transactions |
Purchase and sales activities with related parties | The following table summarize the purchase and sales activities with other Larrea family companies in 2013, 2012 and 2011 (in millions):
|  | 2013 |  | 2012 |  | 2011 |
Purchase activity |  |  |  |  |  |  |
Mexico Compania de Productos Automotrices, S.A. de C.V. |  | $ | — |  | $ | — |  | $ | 0.2 |
Mextransport |  | 2.7 |  | 2.7 |  | 2.8 |
Total purchase |  | $ | 2.7 |  | $ | 2.7 |  | $ | 3.0 |
Sales activity |  |  |  |  |  |  |
Mextransport |  | $ | 0.3 |  | $ | 0.9 |  | $ | — |
Companies with relationship to SCC executive officers' families |
Related party transactions |
Purchase activity with related parties | The following table summarize the purchase activity with companies with relationships to SCC executive officers’ families in 2013, 2012 and 2011 (in millions):
|  | 2013 |  | 2012 |  | 2011 |
Higher Technology S.A.C. |  | $ | 2.2 |  | $ | 3.1 |  | $ | 1.9 |
Servicios y Fabricaciones Mecanicas S.A.C. |  | 0.4 |  | 0.2 |  | 0.6 |
Sempertrans |  | 1.1 |  | 0.3 |  | 0.2 |
PIGOBA, S.A. de C.V. |  | 0.3 |  | 0.8 |  | 0.2 |
Breaker, S.A. de C.V. |  | 3.9 |  | 2.3 |  | 5.3 |
Total purchased |  | $ | 7.9 |  | $ | 6.7 |  | $ | 8.2 |
Equity investment in affiliate |
Related party transactions |
Conditions and balance of loan guarantee for related party | Conditions and balance of the loan as of December 31, 2013 are as follows (in millions):
|  | Loan |
Total loan granted |  | $ | 56.6 |
Interest rate |  | 6 months Libor + 3% |
|  | (approximately 3.35%) |
Remaining balance at December 31, 2013 |  | $ | 17.2 |
Interest (in millions):
|  | Years ended December 31, |
|  | 2013 |  | 2012 |
Interest earned |  | $ | 0.9 |  | $ | 1.9 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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