XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.7.0.1

RELATED PARTY TRANSACTIONS: (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
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 June 30, 2017 |  | At December 31, 2016 |
Related parties receivable current: |  |  |  |  |
Asarco LLC |  | $ | 47.6 |  | $ | 5.5 |
Boutique Bowling de Mexico S.A. de C.V. |  | 0.1 |  | 0.1 |
Compania Perforadora Mexico S.A.P.I. de C.V. and affiliates |  | 1.5 |  | 1.3 |
Grupo Mexico |  | 4.8 |  | 4.5 |
Mexico Generadora de Energia S. de R.L. (“MGE”) |  | 18.5 |  | 10.2 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 1.2 |  | 1.5 |
Operadora de Cinemas S.A. de C.V. |  | 0.3 |  | 0.2 |
Operadora de Generadoras de Energia Mexico S.A. de C.V. |  | — |  | 0.1 |
|  | $ | 74.0 |  | $ | 23.4 |
|  | At June 30, 2017 |  | At December 31, 2016 |
Related parties payable: |  |  |  |  |
Asarco LLC |  | $ | 40.6 |  | $ | 36.3 |
Boutique Bowling de Mexico S.A. de C.V. |  | 0.3 |  | 0.2 |
Eolica El Retiro, S.A.P.I. de C.V. |  | 0.7 |  | 0.1 |
Ferrocarril Mexicano S.A. de C.V. |  | 3.1 |  | 3.0 |
Grupo Mexico |  | 2.6 |  | 0.1 |
MGE |  | 43.0 |  | 13.9 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 7.7 |  | 7.8 |
Mexico Transportes Aereos S.A. de C.V. (“Mextransport”) |  | 0.1 |  | 0.1 |
Operadora de Cinemas S.A. de C.V. |  | 0.5 |  | 0.4 |
Breaker S.A. de C.V. and affiliates (“Breaker”) |  | — |  | 0.3 |
|  | $ | 98.6 |  | $ | 62.2 |
Grupo Mexico and affiliates |
RELATED PARTY TRANSACTIONS: |
Schedule of 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, 2017 and 2016 (in millions):
|  | 2017 |  | 2016 |
Purchase activity |  |  |  |  |
Asarco LLC |  | $ | 19.6 |  | $ | 14.8 |
Eolica El Retiro, S.A.P.I. de C.V. |  | 2.0 |  | 1.0 |
Ferrocarril Mexicano S.A de C.V. |  | 23.5 |  | 21.0 |
Grupo Mexico |  | 6.9 |  | 6.9 |
MGE |  | 118.9 |  | 108.7 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | 72.3 |  | 42.8 |
Total purchases |  | $ | 243.2 |  | $ | 195.2 |
Sales activity |  |  |  |  |
Asarco LLC |  | $ | 82.1 |  | $ | 34.6 |
Compania Perforadora Mexico S.A.P.I. de C.V and affiliates |  | 0.2 |  | 0.4 |
Grupo Mexico |  | 0.2 |  | 0.3 |
MGE |  | 49.4 |  | 50.1 |
Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates |  | — |  | 0.3 |
Total sales |  | $ | 131.9 |  | $ | 85.7 |
Companies with relationship to the controlling group |
RELATED PARTY TRANSACTIONS: |
Schedule of purchase and sales activities with related parties | The following table summarizes the purchase and sales activities with other Larrea family companies in the six months ended June 30, 2017 and 2016 (in millions):
|  | 2017 |  | 2016 |
Purchase activity |  |  |  |  |
Boutique Bowling de Mexico S.A. de C.V. |  | $ | 0.1 |  | $ | 0.2 |
Mextransport |  | 0.4 |  | 1.0 |
Operadora de Cinemas S.A. de C.V. |  | 0.1 |  | 0.3 |
Total purchases |  | $ | 0.6 |  | $ | 1.5 |
Sales activity |  |  |  |  |
Boutique Bowling de Mexico S.A. de C.V. |  | $ | 0.1 |  | $ | 0.1 |
Mextransport |  | — |  | 0.2 |
Operadora de Cinemas S.A. de C.V. |  | 0.1 |  | — |
Total sales |  | $ | 0.2 |  | $ | 0.3 |
Companies with relationship to SCC executive officers |
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 the six months ended June 30, 2017 and 2016 (in millions):
|  | 2017 |  | 2016 |
Breaker |  | $ | (* | ) | $ | 0.4 |
Higher Technology S.A.C. |  | — |  | 0.6 |
Pigoba S.A. de C.V. |  | — |  | 0.1 |
Servicios y Fabricaciones Mecanicas S.A.C. |  | 0.2 |  | 0.2 |
Total purchases |  | $ | 0.2 |  | $ | 1.3 |
(*) amount is lower than $0.1 million

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_GrupoMexicoSABDeCVMember
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: |