Annexure 2: Investments in associates, joint ventures and other investments
for the year ended 31 December
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Group |
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Company |
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Loan balance |
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Loan balance |
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Nature of |
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Number |
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Percentage |
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Investment |
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R'000 |
business1 |
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of shares held |
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holding |
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at cost |
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2009 |
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2008 |
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2009 |
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2008 |
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Associates |
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Unlisted |
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Manganore Iron Mining Limited2 |
A |
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25,000 |
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50% |
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50 |
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– |
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– |
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– |
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– |
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Incorporated joint ventures |
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Unlisted |
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Pietersburg Iron Company (Pty) Limited |
A |
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4,000 |
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50% |
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3,740 |
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19,840 |
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5,470 |
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– |
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– |
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Safore (Pty) Limited2 |
B |
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400 |
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40% |
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– |
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– |
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– |
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– |
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– |
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Sishen Shipping (Pty) Limited2 |
B |
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400 |
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40% |
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– |
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– |
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– |
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– |
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– |
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Trans Orient Ore Supplies (Pty) Limited |
C |
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2,000 |
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50% |
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96 |
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– |
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– |
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– |
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– |
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| |
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3,836 |
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19,840 |
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5,470 |
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Other investments |
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SIOC Community Development SPV (Pty) |
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Limited3 |
E |
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458 |
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100% |
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– |
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– |
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– |
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478,086 |
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474,933 |
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Directors' valuation of investments |
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at 31 December |
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Unlisted investments in associates |
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50 |
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– |
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– |
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– |
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– |
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Unlisted investments in joint ventures |
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3,836 |
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19,840 |
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5,470 |
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– |
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– |
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Other investments |
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– |
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– |
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– |
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478,086 |
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474,933 |
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The financial year-end for Manganore Iron Ore Mining Limited is 30 June. Where the financial year-ends are not co-terminous with that of the group, financial information has been obtained from published information or management accounts as appropriate.
All above entities are incorporated in South Africa other than Trans Orient Ore Supplies (Pty) Limited which is incorporated in Hong Kong.
| 1 |
A – Mining, B – Shipping charter, C – Iron ore merchant, D – Community development. |
| 2 |
Dormant. |
| 3 |
Fully paid up redeemable preference shares at the option of the issuer. |
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