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RELATED PARTY TRANSACTIONS: (Tables) | 6 Months Ended
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Jun. 30, 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 |
|  | June 30, 2014 |  | December 31, 2013 |
Related parties receivable current: |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 0.9 |  | $ | 0.8 |
Mexico Generadora de Energia S. de R.L. (“MGE”) |  | — |  | 18.8 |
Compania Perforadora Mexico, S.A.P.I. de C.V. and affiliates |  | 1.0 |  | 0.7 |
Compania Minera Coimolache S.A. |  | 5.6 |  | 17.2 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 3.3 |  | 0.6 |
|  | $ | 10.8 |  | $ | 38.1 |
Related parties receivable non-current: |  |  |  |  |
MGE |  | $ | 161.2 |  | $ | 161.2 |
Related parties payable: |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 6.1 |  | $ | 3.3 |
MGE |  | 9.9 |  | 14.4 |
Asarco LLC |  | 6.1 |  | 6.2 |
Higher Technology S.A.C. |  | 0.1 |  | 0.1 |
Breaker S.A. de C.V and affiliates (“Breaker”) |  | 1.1 |  | 0.3 |
Sempertrans and affiliates |  | 0.1 |  | 0.1 |
Mexico Transportes Aereos, S.A. de C.V. (“Mextransport”) |  | 0.3 |  | 0.6 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.1 |  | — |
Ferrocarril Mexicano, S.A. de C.V. |  | 1.2 |  | 3.3 |
|  | $ | 25.0 |  | $ | 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 six months ended June 30, 2014 and 2013 (in millions):
|  | As of June 30, |
|  | 2014 |  | 2013 |
Purchases activity |  |  |  |  |
Grupo Mexico and affiliates |  | $ | 6.9 |  | $ | 6.9 |
Asarco LLC. |  | 24.6 |  | 70.7 |
Ferrocarril Mexicano S.A de C.V. |  | 11.6 |  | 11.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 55.9 |  | 26.6 |
MGE |  | 91.7 |  | — |
Cia Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 1.9 |  | 2.6 |
Total purchases |  | $ | 192.6 |  | $ | 117.9 |
Sales activity |  |  |  |  |
Asarco LLC |  | $ | 21.7 |  | $ | 71.8 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 0.4 |  | 0.4 |
Cia Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 0.3 |  | 0.3 |
MGE |  | 48.8 |  | 0.7 |
Total sales |  | $ | 71.2 |  | $ | 73.2 |
Companies with relationship with 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 six months ended June 30, 2014 and 2013 (in millions):
|  | As of June 30, |
|  | 2014 |  | 2013 |
Mextransport: |  |  |  |  |
Purchase activity |  | $ | 1.1 |  | $ | 1.5 |
Sales activity |  | $ | 0.1 |  | $ | 0.2 |
Companies with relationship with SCC executive officers' families |
Related party transactions |
Purchase activities with related parties | The following table summarizes the purchase activities with companies with relationships with SCC executive officers in the six months ended June 30, 2014 and 2013 (in millions):
|  | As of June 30, |
|  | 2014 |  | 2013 |
Higher Technology S.A.C. |  | $ | 0.8 |  | $ | 1.0 |
Servicios y Fabricaciones Mecanicas S.A.C. |  | 0.7 |  | 0.1 |
Sempertrans and affiliates |  | 0.8 |  | 0.5 |
Breaker |  | 3.6 |  | 2.0 |
Pigoba S.A. de C.V. |  | 0.1 |  | 0.1 |
Total purchases |  | $ | 6.0 |  | $ | 3.7 |
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 June 30, 2014 are as follows ($ in millions):
|  | Loan |
Total loan granted |  | $56.6 |
Interest rate |  | 6 months Libor + 3% (approximately 3.35%) |
Remaining balance at June 30, 2014 |  | $5.6 |
Interest:
|  | Three months ended |  | Six months ended |
|  | June 30, |  | June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Interest earned |  | $ | 0.1 |  | $ | 0.2 |  | $ | 0.2 |  | $ | 0.6 |

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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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