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RELATED PARTY TRANSACTIONS: (Tables)
9 Months Ended
Sep. 30, 2013
RELATED PARTY TRANSACTIONS:  
Receivable and payable balances with related parties

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

 

 

 

As of

 

 

 

September 30,
 2013

 

December 31,
2012

 

Related parties receivables, current:

 

 

 

 

 

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

 

$

0.8

 

$

1.8

 

Mexico Generadora de Energía S. de R.L. (“MGE”)

 

8.2

 

 

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

 

0.9

 

0.5

 

Compania Minera Coimolache S.A.

 

20.5

 

23.4

 

 

 

$

30.4

 

$

25.7

 

 

 

 

 

 

 

Related parties receivable, non-current:

 

 

 

 

 

MGE

 

$

161.2

 

$

184.0

 

 

 

 

 

 

 

Related parties payables

 

 

 

 

 

Grupo Mexico and affiliates

 

$

0.8

 

$

 

Asarco LLC

 

6.8

 

15.3

 

Higher Technology S.A.C.

 

0.1

 

0.2

 

Breaker S.A. de C.V

 

0.2

 

 

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

 

0.3

 

0.1

 

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

 

1.8

 

2.1

 

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

 

3.4

 

2.6

 

 

 

$

13.4

 

$

20.3

 

Purchase activity with related parties

The following table summarizes the purchase activity with related parties in the nine months ended September 30, 2013 and 2012 (in millions):

 

 

 

Nine months ended
September 30,

 

 

 

2013

 

2012

 

Grupo Mexico and affiliates:

 

 

 

 

 

Grupo Mexico Servicios, S.A de C.V

 

$

10.4

 

$

10.5

 

Asarco LLC

 

82.0

 

33.0

 

Ferrocarril Mexicano, S.A de C.V.

 

14.9

 

10.7

 

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

 

4.1

 

2.2

 

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

 

36.5

 

37.2

 

 

 

 

 

 

 

OtherLarrea family companies:

 

 

 

 

 

Mextransport

 

2.0

 

2.0

 

 

 

 

 

 

 

Companies with relationships to SCC executive officers families:

 

 

 

 

 

Higher Technology S.A.C.

 

1.7

 

2.3

 

Servicios y Fabricaciones Mecanicas S.A.C.

 

0.2

 

0.1

 

Sempertrans

 

1.0

 

0.1

 

PIGOBA, S.A. de C.V.

 

0.1

 

0.5

 

Breaker, S.A. de C.V.

 

2.7

 

1.8

 

Total purchased

 

$

155.6

 

$

100.4

 

Sales and other revenue activity

The following table summarizes the sales and other revenue activity in the three and nine months ended September 30, 2013 and 2012 (in millions):

 

 

 

Three Months
Ended

September 30,

 

Nine Months
Ended

September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Asarco

 

$

 

$

11.5

 

$

71.8

 

$

22.9

 

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

 

0.2

 

0.1

 

0.6

 

0.3

 

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

 

0.1

 

0.2

 

0.4

 

0.2

 

MGE

 

10.9

 

 

 

11.6

 

 

 

Mextransport

 

 

0.1

 

0.2

 

0.9

 

Total

 

$

11.2

 

$

11.9

 

$

84.6

 

$

24.3

 

Compania Minera Coimolache S.A.
 
RELATED PARTY TRANSACTIONS:  
Conditions and balance of loan guarantee for related party

Conditions and balance of the loan as of September 30, 2013 are as follows ($ in millions):

 

 

 

Loan

 

Total loan granted

 

$56.6

 

Interest rate

 

6 months Libor + 3%

 

 

 

(approximately 3.45)%

 

Remaining balance at September 30, 2013

 

$20.5

 

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

Interest:

 

2013

 

2012

 

2013

 

2012

 

Interest earned

 

$

0.2

 

$

0.5

 

$

0.8

 

$

1.5