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INTANGIBLE ASSETS: (Tables)
12 Months Ended
Dec. 31, 2015
INTANGIBLE ASSETS:  
Schedule of major classes of intangible assets and goodwill

 

 

 

At December 31,

 

(in millions)

 

2015

 

2014

 

Mining concessions

 

$

121.2

 

$

121.2

 

Mine engineering and development studies

 

6.0

 

6.0

 

Software

 

44.6

 

30.4

 

 

 

 

 

 

 

 

 

171.8

 

157.6

 

Accumulated amortization:

 

 

 

 

 

Mining concessions

 

(34.8

)

(33.9

)

Mine engineering and development studies

 

(5.6

)

(5.2

)

Software

 

(17.7

)

(11.9

)

 

 

 

 

 

 

 

 

(58.1

)

(51.0

)

 

 

 

 

 

 

Goodwill

 

41.4

 

17.0

 

 

 

 

 

 

 

Intangible assets, net

 

$

155.1

 

$

123.6

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization of intangible assets for future periods

 

Estimated amortization expense (in millions):

 

 

 

2016-2020

 

$

26.4 

 

Average annual

 

$

5.3 

 

 

Schedule of changes in the carrying amount of goodwill

 

The changes in the carrying amount of goodwill for the year 2015 are as follows (in millions):

                                                                                                                                                                                                  

 

 

2015

 

Balance as of January 1,

 

$

17.0 

 

Goodwill acquired

 

24.4 

 

Impairment losses

 

 

 

 

 

 

Balance as of December 31,

 

$

41.4