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RELATED PARTY TRANSACTIONS: (Tables)
9 Months Ended
Sep. 30, 2012
Related party transactions  
Receivable and payable balances with affiliated companies

 

 

 

 

As of

 

 

 

September 30,
 2012

 

December 31,
2011

 

Affiliate receivable:

 

 

 

 

 

Grupo Mexico, S.A.B de C.V. (“Grupo Mexico”) and affiliates

 

$

0.8

 

$

0.7

 

Mexico Generadora de Energia S.A. de C.V.

 

 

178.2

 

 

156.3

 

Asarco LLC (“Asarco”)

 

 

0.2

 

Compania Perforadora Mexico, S.A.P.I. de C.V.

 

0.5

 

0.1

 

Mexico Proyectos y Desarrollos, S.A de C.V. and affiliates

 

0.5

 

1.0

 

 

 

$

180.0

 

$

158.3

 

Affiliate payable:

 

 

 

 

 

Grupo Mexico and affiliates

 

$

1.5

 

$

2.0

 

Asarco

 

6.0

 

 

Higher Technology S.A.C.

 

0.2

 

0.1

 

Breaker S.A. de C.V

 

0.1

 

0.2

 

Exploraciones Mineras del Peru S.A.C.

 

 

 

0.3

 

Mexico Transportes Aereos, S.A. de C.V. (“Mextransport”)

 

0.2

 

0.5

 

Ferrocarril Mexicano, S.A. de C.V.

 

2.1

 

1.3

 

 

 

$

10.1

 

$

4.4

Purchase activity with related parties

 

 

 

 

Nine months ended
September 30,

 

 

 

2012

 

2011

 

Grupo Mexico and affiliates:

 

 

 

 

 

Grupo Mexico

 

$

10.5

 

$

10.4

 

Asarco

 

33.0

 

17.2

 

Ferrocarril Mexicano, S.A de C.V.

 

10.7

 

8.9

 

Compania Perforadora Mexico, S.A.P.I. de C.V and affiliates

 

2.2

 

0.5

 

Consorcio Tricobre

 

 

0.5

 

Mexico Proyectos y Desarrollos, S.A. de C.V. and affiliates

 

37.2

 

23.7

 

 

 

 

 

 

 

Other Larrea family companies:

 

 

 

 

 

Mexico Compania de Productos Automotrices, S.A. de C.V.

 

 

0.2

 

Mextransport

 

2.0

 

1.9

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers families:

 

 

 

 

 

Higher Technology S.A.C.

 

2.3

 

1.6

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

0.1

 

0.5

 

Sempertrans France Belting Technology

 

0.1

 

0.2

 

PIGOBA, S.A. de C.V.

 

0.5

 

0.2

 

Breaker, S.A. de C.V.

 

1.8

 

4.4

 

Total purchased

 

$

100.4

 

$

70.2

Sales and other revenue activity with related parties

 

 

 

 

3 Months Ended
September 30,

 

9 Months Ended
September 30,

 

 

 

2012

 

2011

 

2012

 

2011

 

 

 

 

 

 

 

 

 

 

 

Asarco

 

$

11.5

 

$

16.3

 

$

22.9

 

$

68.8

 

Mexico Proyectos y Desarrollos, S.A. de C.V.

 

0.1

 

0.1

 

0.3

 

0.4

 

Compania Perforadora Mexico, S.A.P.I. de C.V and affiliates

 

0.2

 

(*)

 

0.2

 

0.1

 

Mextransport

 

0.1

 

 

0.9

 

 

Total

 

$

11.9

 

$

16.4

 

$

24.3

 

$

69.3

 

 

(*) amount is lower than $0.1 million

Mexico Transportes Aereos S.A de C.V. ("Mextransport")
 
Related party transactions  
Conditions and balance of loan guarantee for related party

 

 

 

Loan Open

 

Original loan balance (in millions)

 

$

8.5

 

Maturity

 

August 2013

 

Interest rate

 

Libor + 0.15

%

Remaining balance at September 30, 2012 (in millions)

 

$

1.3

Mexico Generadora de Energia S.A de C.V
 
Related party transactions  
Conditions and balance of loan guarantee for related party

 

 

 

 

Loan Open

 

Line of credit

 

$

350.0

 

Maturity

 

December 31, 2012

 

Average interest rate

 

4.18

%

Remaining balance at September 30, 2012

 

$

178.2