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INTANGIBLE ASSETS: (Tables)
12 Months Ended
Dec. 31, 2013
INTANGIBLE ASSETS:  
Schedule of major classes of intangible assets and goodwill

 

 

 

 

As of December 31,

 

(in millions)

 

2013

 

2012

 

Mining concessions

 

$

121.2

 

$

121.2

 

Mine engineering and development studies

 

6.0

 

6.0

 

Software

 

12.2

 

8.9

 

 

 

139.4

 

136.1

 

Accumulated amortization

 

(46.2

)

(43.8

)

 

 

 

 

 

 

Goodwill

 

17.0

 

17.0

 

Intangible assets, net

 

$

110.2

 

$

109.3

 

 

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

Amortization of intangibles in the last three years and estimated amortization are as follows (in millions):

 

Amortization expense:

 

 

 

2013

 

$

2.4

 

2012

 

$

2.2

 

2011

 

$

2.1

 

 

Estimated amortization expense:

 

 

 

2014-2018

 

$

9.1

 

Average annual

 

$

1.8