Annexure 1: Investments in
associates, joint ventures and other investments
for the period ended 31 December
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Group |
|
Company |
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|
Loan |
|
Loan |
|
Loan |
|
Loan |
| |
Nature of |
Number of |
|
Percentage |
|
Investment |
|
balance |
|
balance |
|
balance |
|
balance |
| Associates |
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|
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| Unlisted |
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|
|
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|
|
| Manganore Iron Mining Limited2 |
A |
25,000 |
|
50% |
|
50 |
|
– |
|
– |
|
– |
|
– |
| Incorporated joint ventures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unlisted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pietersburg Iron Company |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Pty) Limited |
A |
4,000 |
|
50% |
|
3,740 |
|
1,682 |
|
(316) |
|
– |
|
– |
| Safore (Pty) Limited2 |
B |
400 |
|
40% |
|
– |
|
– |
|
– |
|
– |
|
– |
| Sishen Shipping (Pty) Limited2 |
B |
400 |
|
40% |
|
– |
|
– |
|
– |
|
– |
|
– |
| Trans Orient Ore Supplies Limited |
C |
2,000 |
|
50% |
|
– |
|
– |
|
– |
|
– |
|
– |
| Sibelo Resources Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Pty) Limited |
D |
1 |
|
50% |
|
– |
|
507 |
|
653 |
|
– |
|
– |
| |
|
|
|
|
|
3,740 |
|
2,189 |
|
337 |
|
|
|
|
| Other investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
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| SIOC Community Development |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SPV (Pty) Limited3 |
E |
458 |
|
100% |
|
– |
|
– |
|
– |
|
473,347 |
|
458,000 |
| Directors’ valuation |
|
|
|
|
|
|
|
|
|
|
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|
|
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| of investments at |
|
|
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|
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|
|
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| 31 December |
|
|
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|
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| Unlisted investments in associates |
|
|
|
|
|
50 |
|
– |
|
– |
|
– |
|
– |
| Unlisted investments in joint ventures |
|
|
|
|
3,740 |
|
2,189 |
|
337 |
|
– |
|
– |
| Other investments |
|
|
|
|
|
– |
|
– |
|
– |
|
473,347 |
|
458,000 |
The financial year-end for Manganore Iron Mining and Sibelo Resources Development 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.
| 1 |
A – Mining, B – Shipping charter, C – Iron ore merchant, D – Exploration, E – Community development |
| 2 |
Dormant |
| 3 |
Fully paid up redeemable preference shares at the option of the issuer. |
All above entities are incorporated in South Africa other than Trans Orient Ore Supplies Limited which is incorporated in Hong Kong.
|
