Related Party Transactions

9 Months Ended

Sep. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Total sales by TCM to Sojitz, TCM's Endako Mine joint venture partner, were $19.0 million and $54.3 million for the three and nine months ended September 30, 2013, respectively. These sales represented 20.9% and 17.1% of TCM's total revenues for the three and nine months ended September 30, 2013, respectively.

Total sales by TCM to Sojitz were $21.8 million and $67.0 million for the three and nine months ended September 30, 2012, respectively. These sales represented 29.1% and 22.2% of TCM's total revenues for the three and nine months ended September 30, 2012, respectively.

For the three and nine months ended September 30, 2013, TCM recorded management fee income of $0.1 million and $0.2 million, respectively, and selling and marketing costs of $0.1 million and $0.4 million, respectively, from Sojitz.

For the three and nine months ended September 30, 2012, TCM recorded management fee income of nil and $0.2 million, respectively, and selling and marketing costs of $0.1 million and $0.4 million, respectively, from Sojitz.

As of September 30, 2013 and December 31, 2012, TCM's related accounts receivable owed from Sojitz were $6.5 million and $6.4 million, respectively.