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Annual Report 2005
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ANNEXURE 3:
  INVESTMENTS IN SUBSIDIARIES
 
for the 12-months ended 31 December 2005
 
     
Issued 
     
 
capital 
 
 
–unlisted 
 
Country of
Nature of
ordinary 
Interest of company
 
incorporation2
business3
shares 
Investment in shares 
Indebtedness 
Restated 
 
Restated
                           
2005 
2004 
2005 
2004 
 
 
 
Rm 
Rm 
DIRECT INVESTMENTS
AlloyStream (Pty) Limited4
RSA
M
Clipeus Investment
Holdings
(Pty) Limited
RSA
H
Colonna Properties (Pty) Limited
RSA
B
200 
2 518 966 
2 518 966 
Cullinan Refractories Limited
RSA
A
1 000 
1 000 
1 000 
Ferroland Grondtrust
(Pty) Limited
RSA
D
14 
27 
Ferrosure
(South Africa)
Insurance Company Limited
RSA
I
10 
Glen Douglas Dolomite
(Pty) Limited
RSA
A
10 000 
10 000 
10 000 
(22)
(13)
Kumba Base Metals Limited
RSA
M
5 500 000 
247 712 500 
247 712 500 
27 
(48)
Kumba Base Metals Namibia
(Pty) Limited
NAM
C
Kumba Coal (Pty) Limited
RSA
A
1 000 
1 000 
403 
280 
Kumba FerroAlloys (Pty) Limited5
RSA
M
(1)
Kumba Holdings (BVI) SA6
BVI & RSA
H
566 827 
12 161 942 
Kumba Properties (Groenkloof)
(Pty) Limited
RSA
B
Kumba Properties (Kloofzicht)
(Pty) Limited
RSA
B
Kumba Properties (Princess Grant)
(Pty) Limited
RSA
B
Kumba Resources Management
Share Trust
RSA
T
(50)
(17)
Merrill Lynch Insurance PCC Limited
ILE
I
Mineral Exploration Company of
Southern Africa (Pty) Limited
RSA
B
200 
200 
200 
Rocsi Holdings (BVI) Limited
BVI & RSA
H
647 044 943 
1 101 078 300 
1 352 808 130 
184 
Sishen Iron Ore Company (Pty) Limited
RSA
A
100 
1 000 
1 000 
141 
1 158 
Ticor (Bermuda) Holdings Limited6
BER
H
74 836 
143 502 000 
Ticor South Africa (Pty) Limited
RSA
M
510 
510 
510 
1 082 
807 
Ticor South Africa KZN (Pty) Limited
RSA
A
200 
6 003 355 
6 003 355 
661 
648 
Vicva 177 (Pty) Limited
RSA
H
INDIRECT INVESTMENTS
Coastal Coal (Pty) Limited
RSA
A
5 000 
(83)
(95)
Downs Holding BV
NE
A
119 209 
Groler Investments Limited
SWL
H
258 958 
Handlon BV
NE
H
151 511 
Ipcor N.V.
NV
C
37 950 
Kumba Base Metals International BV
NE
A
119 209 
Kumba Australia Pty Limited
AUS
C
11 
Kumba Coke (Pty) Limited7
RSA
M
Kumba Base Metals China Limited
HK
C
1 354 
Kumba Finance Ireland
IRL
C
828 372 465 
Kumba Heavy Minerals BV
NE
A
134 973 
Kumba Holdings (Australia) Pty Limited
AUS
H
Kumba Hong Kong Limited
HK
C
832 
Kumba International BV
NE
C
10 806 551 
23 
28 
Kumba International Trading BV
NE
C
142 487 
Kumba Investments (Australia) Pty Limited
AUS
H
Kumba Reductants (Pty) Limited8
RSA
M
Mtunzini Sands (Pty) Limited
RSA
A
200 
             
 
Issued capital 
 
–unlisted 
 
Country of
Nature of
ordinary 
Interest of company
 
incorporation2
business3
shares 
Investment in shares 
Indebtedness 
Restated 
 
Restated
2005 
2004 
2005 
2004 
 
 
 
Rm 
Rm 
Rosh Pinah Zinc Corporation
(Pty) Limited (89,47%)
NAM
A
2 280 
90 
83 
Sishen South Mining (Pty) Limited
RSA
A
Ticor Pty Limited
AUS
A
2 038 299 354 
(147)
Ticor Chemical Company Pty Limited
AUS
M
10 
Crisa Pty Limited
AUS
C
10 
Bertini Pty Limited
AUS
C
10 
Ticor Chemicals Ghana Pty Limited
GHANA
C
10 
Omacor Sac
PERU
C
10 
Ticor Resources Pty Limited
AUS
H
8 111 062 
Magnetic Minerals Pty Limited
AUS
A
31 740 964 
TiO2 Corporation NL
AUS
A
85 101 240 
Tific Pty Limited
AUS
H
10 
Yalgoo Minerals Pty Limited
AUS
H
48 216 010 
Pigment Holdings Pty Limited
AUS
C
10 
Synthetic Rutile Holdings Pty Limited
AUS
C
10 
Senbar Holdings Pty Limited
AUS
C
10 
Ticor (Overseas) Holdings Pty Limited
AUS
H
10 
Ticor SA Holdings (Pty) Limited
RSA
H
40 000 
Ticor Titanium Australia Pty Limited
AUS
H
10 
Rocit Investments (Pty) Limited
RSA
H
1 000 
Ticor (Bermuda) Minerals Limited
BER
H
74 836 
Ticor Finance (A.C.T.) Pty Limited
AUS
F
10 
Ticor Energy Pty Limited
AUS
F
10 
The Durban Navigation Collieries (Pty) Limited
RSA
A
516 000 
(1)
(1)
The Vryheid (Natal) Railway Coal and Iron Company Limited
RSA
A
3 675 
5
Total investments in subsidiaries (note 18)
  
 
 
1 512 990 795 
1 609 056 668
2 336 
2 867 
1. At 100% holding except where otherwise indicated.
2. RSA – Republic of South Africa, AUS – Australia, NAM – Namibia, HK – Hong Kong, NV – Netherlands Antilles, BVI – British Virgin Islands, ILE – Isle of Man, IRL – Ireland, SWL – Switzerland, NE – Netherlands, SWL – Switzerland, BER – Bermuda
3. A – Mining, B – Property, C – Service, D – Land management, F – Finance, H – Holdings, I – Insurance, M – Manufacturing, S –Shipping, T – Trust
4. Previously Vicva 172 (Pty) Limited.
5. Previously Vicva Investments One Four One (Pty) Limited.
Previously held indirectly, now held directly by Kumba Resources Limited.
7. Previously Vicva Investments One Four Two (Pty) Limited.
8. Previously Vicva Investments One Six One (Pty) Limited.
   
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