XML 68 R47.htm IDEA: XBRL DOCUMENT v3.6.0.2

RELATED PARTY TRANSACTIONS: (Tables)

12 Months Ended

Dec. 31, 2016

RELATED PARTY TRANSACTIONS:

Schedule of receivable and payable balances with related parties

        Receivable and payable balances with related parties are shown below (in millions):

		At December 31,
		2016			2015
Related parties receivable current:
Compañia Perforadora Mexico S.A.P.I. de C.V. and affiliates		$	1.3		$	0.7
Asarco LLC			5.5
Ferrocarril Mexicano S.A. de C.V.			—			0.2
Grupo Mexico			4.5			0.6
Mexico Generadora de Energia S. de R.L. ("MGE")			10.2			13.9
Operadora de Generadoras de Energia Mexico S.A. de C.V.			0.1			0.1
Operadora de Cinemas S.A. de C.V.			0.2
Boutique Bowling de Mexico S.A. de C.V.			0.1
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates			1.5			0.3
​	​	​	​	​	​	​	​
		$	23.4		$	15.8
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Related parties receivable non-current:
MGE		$	—		$	111.2
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Related parties payable:
Asarco LLC		$	36.3		$	20.6
Boutique Bowling de Mexico S.A. de C.V.			0.2			0.2
Eolica El Retiro, S.A.P.I. de C.V.			0.1			0.1
Ferrocarril Mexicano S.A. de C.V.			3.0			—
Grupo Mexico			0.1			12.0
Mexico Transportes Aereos S.A. de C.V. ("Mextransport")			0.1			0.5
Mexico Proyectos y Desarrollos S.A. de C.V. and affiliates			7.8			11.8
MGE			13.9			23.0
Operadora de Cinemas S.A. de C.V.			0.4			0.2
Breaker, S.A. de C.V. and affiliates ("Breaker")			0.3			0.3
Sempertrans and affiliates			—			0.6
​	​	​	​	​	​	​	​
		$	62.2		$	69.3
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Grupo Mexico and Affiliates

RELATED PARTY TRANSACTIONS:

Schedule of purchase and sales activities with related parties

        The following table summarize the purchase and sale activities with Grupo Mexico and its affiliates in 2016, 2015 and 2014 (in millions):

		2016			2015			2014
Purchase activity
Asarco LLC		$	30.3		$	32.0		$	47.9
Compañia Perforadora Mexico S.A.P.I. de C.V. and affiliates			0.3			0.3			3.1
Eolica El Retiro, S.A.P.I. de C.V.			2.0			6.6			7.6
Ferrocarril Mexicano, S.A. de C.V.			42.7			27.3			22.7
Grupo Mexico			13.8			13.8			13.9
Mexico Proyectos y Desarrollos S.A. de C.V. and affiliates			76.0			57.3			61.4
MGE			233.8			143.3			178.4
​	​	​	​	​	​	​	​	​	​	​
Total purchases		$	398.9		$	280.6		$	335.0
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Sales activity
Asarco LLC		$	37.1		$	72.3		$	24.7
Compañia Perforadora Mexico S.A.P.I. de C.V. and affiliates			0.6			0.6			0.6
Grupo Mexico			0.6			0.5			—
Mexico Proyectos y Desarrollos S.A. de C.V. and affiliates			0.4			0.8			0.8
Operadora de Generadoras de Energia Mexico S.A. de C.V			0.1			—			—
MGE			95.9			81.7			96.5
​	​	​	​	​	​	​	​	​	​	​
Total sales		$	134.7		$	155.9		$	122.6
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Companies with relationship to the controlling group

RELATED PARTY TRANSACTIONS:

Schedule of purchase and sales activities with related parties

        The following table summarize the purchase and sales activities with other Larrea family companies in 2016, 2015 and 2014 (in millions):

		2016			2015			2014
Purchase activity
Boutique Bowling de Mexico S.A. de C.V.		$	0.4		$	0.4		$	—
Mextransport			2.0			2.0			2.5
Operadora de Cinemas S.A. de C.V.			0.5			0.5			—
​	​	​	​	​	​	​	​	​	​	​
Total purchases		$	2.9		$	2.9		$	2.5
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Sales activity
Boutique Bowling de Mexico S.A. de C.V.		$	0.2		$	0.3		$	—
Mextransport			0.2			0.3			0.3
Operadora de Cinemas S.A. de C.V.			0.1			0.2			—
​	​	​	​	​	​	​	​	​	​	​
Total sales		$	0.5		$	0.8		$	0.3
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Companies with relationship to SCC executive officers' families

RELATED PARTY TRANSACTIONS:

Schedule of purchase activity with related parties

        The following table summarizes the purchase activities with companies with relationships to SCC executive officers in 2016, 2015 and 2014 (in millions):

		2016			2015			2014
Higher Technology S.A.C.		$	1.0		$	1.4		$	3.2
Servicios y Fabricaciones Mecanicas S.A.C.			0.5			0.7			1.3
Sempertrans			—			1.2			1.2
Breaker			0.5			5.5			10.1
Pigoba, S.A. de C.V.			—			—			0.6
​	​	​	​	​	​	​	​	​	​	​
Total purchased		$	2.0		$	8.8		$	16.4
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

X

- Definition

Tabular disclosure of balances receivable from and payable to related parties.

+ References

No definition available.

+ Details

Name:	scco_ScheduleOfRelatedPartyTransactionsAccountsReceivableAndAccountsPayableByRelatedPartyTableTextBlock
Namespace Prefix:	scco_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of purchase activity with related parties.

+ References

No definition available.

+ Details

Name:	scco_ScheduleOfRelatedPartyTransactionsPurchasesFromRelatedPartyTableTextBlock
Namespace Prefix:	scco_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_RelatedPartyTransactionLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=scco_GrupoMexicoAndAffiliatesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=scco_OtherLarreaFamilyCompaniesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=scco_SCCExecutiveOfficersFamiliesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: