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INTANGIBLE ASSETS: (Tables)
12 Months Ended
Dec. 31, 2014
INTANGIBLE ASSETS:  
Schedule of major classes of intangible assets and goodwill

 

 

 

As of December 31,

 

(in millions)

 

2014

 

2013

 

Mining concessions

 

$

121.2

 

$

121.2

 

Mine engineering and development studies

 

6.0

 

6.0

 

Software

 

13.8

 

12.2

 

 

 

141.0

 

139.4

 

Accumulated amortization:

 

 

 

 

 

Mining concessions

 

(33.9

)

(33.0

)

Mine engineering and development studies

 

(5.2

)

(4.9

)

Software

 

(9.0

)

(8.3

)

 

 

(48.1

)

(46.2

)

 

 

 

 

 

 

Goodwill

 

17.0

 

17.0

 

Intangible assets, net

 

$

109.9

 

$

110.2

 

 

Schedule of amortization of intangibles in the last three years and estimated amortization for future periods

 

Estimated amortization expense (in millions):

 

 

 

2015-2019

 

$

7.6 

 

Average annual

 

$

1.5