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RELATED PARTY TRANSACTIONS: (Tables) | 3 Months Ended
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Mar. 31, 2014
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, 2014 |  | December 31, 2013 |
Related parties receivable current: |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 0.8 |  | $ | 0.8 |
Mexico Generadora de Energia S. de R.L. (“MGE”) |  | 27.0 |  | 18.8 |
Compania Perforadora Mexico S.A.P.I. de C.V. |  | 0.9 |  | 0.7 |
Compania Minera Coimolache S.A. |  | 7.2 |  | 17.2 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 1.6 |  | 0.6 |
|  | $ | 37.5 |  | $ | 38.1 |
Related parties receivable non-current: |  |  |  |  |
MGE |  | $ | 161.2 |  | $ | 161.2 |
Related parties payable: |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 4.1 |  | $ | 3.3 |
MGE |  | 15.5 |  | 14.4 |
Asarco LLC |  | 13.9 |  | 6.2 |
Higher Technology S.A.C. |  | 0.1 |  | 0.1 |
Breaker S.A. de C.V and affiliates (“Breaker”) |  | 0.3 |  | 0.3 |
Sempertrans and affiliates |  | — |  | 0.1 |
Mexico Transportes Aereos S.A. de C.V. (“Mextransport”) |  | 0.2 |  | 0.6 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.4 |  | — |
Ferrocarril Mexicano S.A. de C.V. |  | 5.0 |  | 3.3 |
|  | $ | 39.5 |  | $ | 28.3 |
Grupo Mexico, S.A.B de C.V. ( Grupo Mexico ) and affiliates |
Related party transactions |
Purchase and sales activities with related parties | The following table summarizes the purchase and sale activities with Grupo Mexico and its affiliates in the three months ended March 31, 2014 and 2013 (in millions):
|  | As of March 31, |
|  | 2014 |  | 2013 |
Purchase activity |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 3.5 |  | $ | 3.5 |
Asarco LLC. |  | 15.1 |  | 32.9 |
Ferrocarril Mexicano S.A de C.V. |  | 5.3 |  | 5.8 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 47.2 |  | 9.3 |
MGE |  | 48.9 |  | — |
Cia Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 1.2 |  | 0.6 |
Total Purchases |  | $ | 121.2 |  | $ | 52.1 |
Sales activity |  |  |  |  |
Asarco LLC |  | $ | — |  | $ | 36.6 |
Mexico Proyectos y Desarrollos, S.A. de C.V. |  | 0.2 |  | 0.2 |
Cia Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 0.1 |  | 0.1 |
MGE |  | 24.3 |  | 0.1 |
Total Sales |  | $ | 24.6 |  | $ | 37.0 |
Companies with relationship to the controlling group |
Related party transactions |
Purchase and sales activities with related parties | The following tables summarize the purchase and sales activities with other Larrea family companies in the three months ended March 31, 2014 and 2013 (in millions):
|  | As of March 31, |
|  | 2014 |  | 2013 |
Mextransport: |  |  |  |  |
Purchase activity |  | $ | 0.6 |  | $ | 0.6 |
Sales activity |  | $ | 0.1 |  | $ | 0.1 |
Companies with relationship to SCC executive officers' families |
Related party transactions |
Purchase activity with related parties | The following table summarizes the purchase activity with companies with relationships to SCC executive officers´ families in the three months ended March 31, 2014 and 2013 (in millions):
|  | As of March 31, |
|  | 2014 |  | 2013 |
Higher Technology S.A.C. |  | $ | 0.3 |  | $ | 0.3 |
Servicios y Fabricaciones Mecanicas S.A.C. |  | 0.3 |  | 0.1 |
Sempertrans France Belting Technology |  | 0.3 |  | 0.1 |
Breaker |  | 0.9 |  | 0.8 |
Total purchases |  | $ | 1.8 |  | $ | 1.3 |
Equity investment in affiliate |
Related party transactions |
Schedule of conditions and balance of the loan granted to related party | Conditions and balance of the loan as of March 31, 2014 are as follows (in millions):
|  | Loan |
Total loan granted |  | $ | 56.6 |
Interest rate |  | 6 months Libor + 3% (approximately 3.35)% |
Remaining balance at March 31, 2014 |  | $ | 7.2 |
|  | Three months ended |
|  | March 31, |
|  | 2014 |  | 2013 |
Interest earned |  | $ | 0.1 |  | $ | 0.4 |

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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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