United States

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549





FORM 10-K/A

(Amendment No. 1)





(Mark One)



|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

for the fiscal year ended December 31, 2010

OR



| ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ----------------------------------------------------------------------------------------

Commission File Number: 000-33433





KAISER
VENTURES LLC

(Exact name of registrant as specified in its charter)







|                                                              |  |                                    
|------------------------------------------------------------- |  | -----------------------------------
|DELAWARE                                                      |  | 33-0972983                         
|(State or Other Jurisdiction ofIncorporation or Organization) |  | (I.R.S. EmployerIdentification No.)

3633 E. Inland Empire Blvd. Suite 480

Ontario, CA 91764

(Address of principal executive offices and zip code)

Registrants
telephone number, including area code: (909) 483-8500

Securities registered pursuant to Section 12(b) of the
Act: None

Securities registered pursuant to Section 12(g) of the Act:







|                    |  |                                          
|------------------- |  | -----------------------------------------
|Title of Each Class |  | Name of Each Exchange on which Registered
|Class A Units       |  | Not Applicable                           

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities

Act.     Yes   ̈    No  x

Indicate by check mark if the registrant is not required to file reports pursuant to
Section 13 or 15(d) of the Act.    Yes   ̈    No  x

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes  x    No   ̈

Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405) is not herein, and will not be contained to the best of registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.     ̈

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes   ̈    No   ̈ (The registrant is not yet required to submit Interactive Data)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act.



|                        |  |                                                  |  |                           |  |  
|----------------------- |  | ------------------------------------------------ |  | ------------------------- |  | -
|Large accelerated filer |  |  ̈                                                |  | Accelerated filer         |  |  ̈
|                        |  |                                                  | 
|Non-accelerated filer   |  |  ̈  (Do not check if a smaller reporting company) |  | Smaller reporting company |  | x

Indicated by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act.):    Yes   ̈    No  x

The Class A Units are not publicly traded and thus, no public float exists and an aggregate market value of the Companys Class A Units cannot be determined.

At March 15, 2011, 6,784,023 Class A Units were outstanding including 104,267 Class A Units outstanding but reserved for distribution to
the general unsecured creditors in the Kaiser Steel Corporation bankruptcy and 113,250 Class A Units deemed outstanding and reserved for issuance to holders of Kaiser Ventures Inc. stock that have to convert such stock into Kaiser Ventures LLC
Class A Units.

Documents Incorporated by Reference: Certain exhibits as identified in the Exhibit List to this Annual Report on
Form 10-K are incorporated by reference.

Transitional Small Business Disclosure Format (Check One): SEE ATTACHED    Yes   ̈    No  x









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KAISER VENTURES LLC AND SUBSIDIARIES

EXPLANATORY NOTE:

The sole purpose of this Form 10-K/A, Amendment No. 1 to Annual Report on Form 10-K for the fiscal year ended December 31, 2010, is to amend and restate the certifications attached as Exhibits
31.1 and 31.2 to the registrants original Form 10-K for the year ended December 31, 2010. The certifications are being amended to fully conform to the content of the certifications required under Exchange and Exchange Act Rules 13a-14(a)
and 15d-14(a). A required phrase was inadvertently omitted from the certifications as originally filed.

Except for the
forgoing, no other information included in the original Report on Form 10-K for the year ended December 31, 2010, is amend in this Form 10-K/A. Accordingly, this Form 10-K/A does not reflect any subsequent information or events occurring after
the date of the filing of the original Report on Form 10-K for the year ended December 31, 2010.



2



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KAISER VENTURES LLC AND SUBSIDIARIES



PART IV

The Company hereby amends and restates Part IV.  Item 15. Exhibits and Financial Statement Schedules as follows:



|Item 15. | EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
|-------- | ------------------------------------------



| | (a) | Exhibits.
| | --- | ---------

The following
exhibits are filed as part of this Form 10-K.

EXHIBIT INDEX

(* Indicates compensation plan, contract or arrangement)

(** Indicates filed with this amended Report on Form 10-K/A)



|              |  |                                                                                                                                                                                                                                                                                        
|------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBITNUMBER |  | DOCUMENT DESCRIPTION                                                                                                                                                                                                                                                                   
|              | 
|2.1           |  | Second Amended Joint Plan of Organization as Modified, as filed with the United States Bankruptcy Court for the District of Colorado on September 19, 1988, incorporated by
reference from Exhibit 2.1 of Kaiser Ventures Inc.s Form 10-K Report for the year ended December 31, 1988.
|              | 
|2.2           |  | Second Amended Joint Plan of Reorganization Modification, as filed with the United States Bankruptcy Court on September 26, 1988, incorporated by reference from Exhibit 2.2 of
Kaiser Ventures Inc.s Form 10-K Report for the year ended December 31, 1988.                          
|              | 
|2.3           |  | United States Bankruptcy Court Order dated October 4, 1988, confirming the Second Amended Joint Plan of Reorganization as Modified, incorporated by reference from Exhibit 2.3
of Kaiser Ventures Inc.s Form 10-K Report for the year ended December 31, 1988.                        
|              | 
|2.4           |  | Agreement and Plan of Merger between Kaiser Ventures Inc. and Kaiser Ventures LLC, incorporated by reference from Exhibit 2.6 to Kaiser Ventures LLC Registration Statement on Form
S-4, filed on October 19, 2001.                                                                    
|              | 
|2.5           |  | Certificate of Merger to be filed with the Secretary of State of Delaware, incorporated by reference from Exhibit 2.7 to Kaiser Ventures LLC Registration Statement on Form S-4,
filed on October 19, 2001.                                                                            
|              | 
|3.1           |  | Certificate of Formation of Kaiser Ventures LLC, filed with the Delaware Secretary of State on July 10, 2001, incorporated by reference from Exhibit 3.3 to Kaiser Ventures LLC
Registration Statement on Form S-4, filed on July 16, 2001.                                            
|              | 
|3.2           |  | Amended and Restated Kaiser Ventures LLC Operating Agreement, effective as of October 1, 2001, incorporated by reference from Exhibit 3.2 to Kaiser Ventures LLCs
Registration Statement Form S-4 filed on October 16, 2001.                                                          
|              | 
|3.3           |  | First Amendment to Amended and Restated Kaiser Ventures LLC Operating Agreement, effective as of January 15, 2002, incorporated by reference from Exhibit 3.3 to Kaiser Ventures
LLCs Form 10-K Report for the year ended December 31, 2001.                                          
|              | 
|3.4           |  | Second Amendment to Amended and Restated Kaiser Ventures LLC Operating Agreement effective April 15, 2009, incorporated by reference from Exhibit 3(i) to Kaiser Ventures
LLCs Form 8-K filed on April 15, 2009.                                                                      
|              | 
|3.5           |  | Third Amendment to Amended and Restated Kaiser Ventures LLC Operating Agreement effective November 3, 2010, incorporated by reference from Exhibit 3(i) to Kaiser Ventures
LLCs Form 8-K dated November 3, 2010.                                                                      



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KAISER VENTURES LLC AND SUBSIDIARIES



|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBITNUMBER |  | DOCUMENT DESCRIPTION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|              | 
|10.1          |  | Lease Entered into between Kaiser Eagle Mountain, Inc., and Mine Reclamation Corporation, dated November 30, 1988, incorporated by reference from Exhibit 10.1 of the Kaiser
Ventures Inc.s Form 10-K Report for the year ended December 31, 1988.                                                                                                                                                                                                                                                            
|              | 
|10.1.1        |  | First Amendment dated December 18, 1990, to Lease dated November 30, 1990 between Kaiser Eagle Mountain, Inc. and Mine Reclamation Corporation, incorporated by reference
from the Kaiser Ventures Inc.s Form 8-K Report dated December 18, 1990.                                                                                                                                                                                                                                                             
|              | 
|10.1.2        |  | Second Amendment dated July 29, 1994, to Lease dated November 30, 1990, between Kaiser Eagle Mountain, Inc. and Mine Reclamation Corporation, incorporated by reference
from Exhibit 4 of Kaiser Ventures Inc.s Form 10-Q Report for the period ending June 30, 1994.                                                                                                                                                                                                                                         
|              | 
|10.1.3        |  | Third Amendment dated January 29, 1995, but effective as of January 1, 1995, to Lease dated November 30, 1990, between Kaiser Eagle Mountain, Inc. and Mine
Reclamation Corporation, incorporated by reference from Exhibit 10.1.3 of Kaiser Ventures Inc.s Form 10-K Report for the year ended December 31, 1994.                                                                                                                                                                                            
|              | 
|10.1.4        |  | Fourth Amendment dated effective January 1, 1996, between Kaiser Eagle Mountain, Inc. and Mine Reclamation Corporation, incorporated by reference from Exhibit 10.1.4 of Kaiser
Ventures Inc.s Form 10-K Report for the year ended December 31, 1995.                                                                                                                                                                                                                                                         
|              | 
|10.1.5        |  | Indemnification Agreement dated September 9, 1997 among Riverside County, Mine Reclamation Corporation, Kaiser Eagle Mountain, Inc. Eagle Mountain Reclamation, Inc. and Kaiser
Ventures Inc, incorporated by reference from Exhibit 10.1 of Kaiser Ventures Inc.s Form 10-Q Report for the period ended September 30, 1997.                                                                                                                                                                                  
|              | 
|10.1.6        |  | Development Agreement to be executed upon consummation of federal land exchange among Riverside County, Mine Reclamation Corporation, Kaiser Eagle Mountain, Inc. Eagle Mountain
Reclamation, Inc. and Kaiser Ventures Inc., incorporated by reference from Exhibit 10.2 of Kaiser Ventures Inc.s Form 10-Q Report for the period ended September 30, 1997.                                                                                                                                                   
|              | 
|10.1.7        |  | Operating Agreement for Mine Reclamation, LLC dated June 1, 2000, incorporated by reference from Exhibit 10.1.7 of Kaiser Ventures Inc.s Form 10-K Report for the year
ended December 31, 2000.                                                                                                                                                                                                                                                                                                               
|              | 
|10.2          |  | Agreement for Purchase and Sale of Real Property and Related Personal Property in Regard to the Eagle Mountain Sanitary Landfill Project and Joint Escrow Instructions between County
Sanitation District No. 2 of Los Angeles County and Mine Reclamation, LLC incorporated by reference from Exhibit 10.3 of the Companys Form 10-Q Report for the quarter ended June 30, 2000, incorporated by reference from Exhibit 10.2 of
Kaiser Ventures Inc.s Form 10-K Report for the year ended December 31, 2000.
|              | 
|10.3*         |  | Employment Agreement between Business Staffing, Inc. and Richard E. Stoddard dated as of January 1, 2007, incorporated by reference from Exhibit 10.1 of Kaiser Ventures
LLCs Form 8-K dated January 10, 2007.                                                                                                                                                                                                                                                                                                
|              | 
|10.3.1*       |  | First Amended Employment Agreement between Business Staffing, Inc. and Richard E. Stoddard dated November 4, 2009, incorporated by reference from Exhibit 10.1 of Kaiser
Ventures LLCs Form 10-Q for the period ended September 30, 2009.                                                                                                                                                                                                                                                                     
|              | 
|10.4*         |  | Employment Agreement between Kaiser Ventures Inc. and Gerald A. Fawcett dated as of January 18, 1999, incorporated by reference from Exhibit 10.5 of Kaiser Ventures Inc.s
Form 10-K Report for the year ended December 31, 1998.                                                                                                                                                                                                                                                                             
|              | 
|10.5*         |  | Employment Agreement between Business Staffing, Inc. and Terry L. Cook dated as of January 1, 2007, incorporated by reference from Exhibit 10.3 of Kaiser Ventures LLCs
Form 8-K Report dated January 10, 2007.                                                                                                                                                                                                                                                                                               



4



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KAISER VENTURES LLC AND SUBSIDIARIES



|              |  |                                                                                                                                                                                                                                                                                                  
|------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBITNUMBER |  | DOCUMENT DESCRIPTION                                                                                                                                                                                                                                                                             
|              | 
|10.5.1*       |  | First Amended Employment Agreement between Business Staffing, Inc. and Terry L. Cook dated November 4, 2009, incorporated by reference from Exhibit 10.3 of Kaiser Ventures
LLCs Form 10-Q for the period ended September 30, 2009.                                                             
|              | 
|10.6*         |  | Employment Agreement between Business Staffing, Inc. and James F. Verhey dated as of January 1, 2007, incorporated by reference from Exhibit 10.2 of Kaiser Ventures LLCs
8-K Report dated January 10, 2007.                                                                                    
|              | 
|10.6.1*       |  | First Amended Employment Agreement between Business Staffing, Inc. and James F. Verhey dated November 4, 2009, incorporated by reference from Exhibit 10.2 of Kaiser Ventures
LLCs Form 10-Q for the period ended September 30, 2009.                                                           
|              | 
|10.7          |  | Lease Agreement between American Trading Estate Properties (now known as Lord Baltimore Properties), Landlord and Kaiser Resources Inc., Tenant, dated June 6, 1994,
incorporated by reference from Exhibit 10.8 of Kaiser Ventures Inc.s Form 10-K Report for the year ended December 31, 1994.
|              | 
|10.7.1        |  | Second Amendment to Lease Agreement between Lord Baltimore Properties and Kaiser Ventures Inc. dated September 27, 1999, incorporated by reference from Exhibit 10.10.1 of
Kaiser Ventures Inc.s 10-K for the year ended December 31, 1999.                                                     
|              | 
|10.7.2        |  | Third Amendment to Lease Agreement between Lord Baltimore Properties and Kaiser Ventures LLC dated February 19, 2002, incorporated by reference from Exhibit 10.16.2 of Kaiser
Ventures LLC Report for the year ended December 31, 2001.                                                         
|              | 
|10.7.3        |  | Fourth Amendment to Lease Agreement between CIP Empire Tower LLP and Kaiser Ventures LLC dated November 13, 2006 incorporated by reference from Exhibit 10.1 of Kaiser Ventures
LLCs Form 10-QSB Report for the period ended September 30, 2006.                                                
|              | 
|10.7.4        |  | Fifth Amendment to Lease Agreement between CPI Empire Tower LLC and Kaiser Ventures LLC dated March 16, 2009, incorporated by reference from Exhibit 10.7.4 of Kaiser Ventures
10-Q Report for the period ended March 31, 2009.                                                                  
|              | 
|10.8*         |  | Executive Officer New Revenue Participation Incentive Plan adopted to be effective January 1, 2007, incorporated by reference from Exhibit 10.4 of Kaiser Ventures LLCs
Form 8-K Report dated January 10, 2007.                                                                                 
|              | 
|10.9*         |  | Business Staffing, Inc. Supplemental Deferred Compensation Plan dated January 10, 2007, incorporated by reference from Exhibit 10.5 of Kaiser Ventures LLCs Form 8-K
Report dated January 10, 2007.                                                                                             
|              | 
|10.9.1*       |  | Non-Qualified Deferred Compensation Agreement dated January 10, 2007, incorporated by reference from Exhibit 10.6 of Kaiser Ventures LLCs Form 8-K Report dated
January 10, 2007.                                                                                                               
|              | 
|10.10*        |  | Board of Directors Stock Plan adopted May 10, 2000, incorporated by reference from Exhibit 10.19 of Kaiser Ventures Inc.s Form 10-K Report for the year ended
December 31, 2000.                                                                                                                
|              | 
|10.11         |  | Form of Indemnification Agreement for individuals serving on the Board of Managers of Kaiser Ventures LLC, incorporated by reference from Exhibit 10.25 of Kaiser Ventures LLCs
10-K Report for the year ended December 31, 2001.                                                               
|              | 
|10.12         |  | Form of Indemnification Agreement for officers of Kaiser Ventures LLC, incorporated by reference from Exhibit 10.26 of Kaiser Ventures LLCs 10-K Report for the year ended
December 31, 2001.                                                                                                   
|              | 
|10.13         |  | Members Operating Agreement dated June 19, 1997 between Kaiser Recycling Corporation and West Valley Recycling & Transfer, Inc., incorporated by reference from Exhibit 10.1
of Kaiser Ventures Inc.s 10-Q Report for the period ended June 30, 1997.                                           



5



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KAISER VENTURES LLC AND SUBSIDIARIES



|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBITNUMBER |  | DOCUMENT DESCRIPTION                                                                                                                                                                                                                                                                                                                                                                                                                           
|              | 
|10.13.1       |  | Second Amendment to Members Operating Agreement dated December 1, 2001, incorporated by reference from Exhibit 10.18.1 of Kaiser Ventures LLCs 10-KSB Report for the year
ended December 31, 2004.                                                                                                                                                                                                                                            
|              | 
|10.13.2       |  | Performance Guaranty and Indemnification Agreement (KRC Obligations) dated June 19, 1997 given by Kaiser Ventures Inc. for the benefit of West Valley MRF, LLC and West Valley
Recycling & Transfer, Inc., incorporated by reference from Exhibit 10.1.1 of Kaiser Ventures Inc.s 10-Q Report for the period ended June 30, 1997.                                                                                                             
|              | 
|10.14         |  | Loan Agreement dated as of June 1, 1997 between West Valley MRF, LLC and California Pollution Control Financing Authority, incorporated by reference from Exhibit 10.2 of the
Companys 10-Q Report for the period ended June 30, 1997.                                                                                                                                                                                                        
|              | 
|10.14.1       |  | Indenture Agreement dated as of June 1, 1997 between California Pollution Control Financing Authority and BNY Western Trust Company for the benefit of $9,500,000 California
Pollution Control Financing Authority Variable Rate Demand Solid Waste Disposal Revenue Bonds (West Valley MRF, LLC Project) Series 1997A, incorporated by reference from Exhibit 10.2.1 of Kaiser Ventures Inc.s 10-Q Report for the period ended
June 30, 1997.
|              | 
|10.14.2       |  | Remarketing Agreement dated as of June 1, 1997, and among West Valley MRF, LLC and Westhoff, Cone & Holmstedt and Smith Barney, Inc. with regard to $9,500,000 California
Pollution Control Financing Authority Variable Rate Demand Stock Waste Disposal Revenue Bonds (West Valley MRF, LLC Project) Series 1997A, incorporated by reference from Exhibit 10.3 of Kaiser Ventures Inc.s 10-Q Report for the period ended
June 30, 1997.     
|              | 
|10.15         |  | Reimbursement Agreement dated as of June 1, 1997 between West Valley MRF, LLC and Union Bank of California, N.A., incorporated by reference from Exhibit 10.4 of Kaiser Ventures
Inc.s 10-Q Report for the period ended June 30, 1997.                                                                                                                                                                                                        
|              | 
|10.15.1       |  | Second Amendment Agreement dated as of May 1, 2007, between West Valley MRF, LLC and Union Bank of California, N.A., incorporated by reference from Exhibit 10.18.1 of Kaiser
Ventures LLCs 10-K Report for the period ended December 31, 2008.                                                                                                                                                                                               
|              | 
|10.16         |  | Guaranty and Mandatory DSR Agreement dated as of June 1, 1997 given by Kaiser Ventures Inc. and Kaiser Recycling Corporation for the benefit of Union Bank of California, N.A.,
incorporated by reference from Exhibit 10.4.1 of Kaiser Ventures Inc.s 10-Q Report for the period ended June 30, 1997.                                                                                                                                        
|              | 
|10.16.1       |  | Guarantors Acknowledgment and Consent (1997 L/C) dated as of May 1, 2007, given by Kaiser Ventures LLC, Kaiser Recycling, LLC, Burrtec Waste Industries, Inc. and West
Valley Recycling & Transfer, Inc. for the benefit of Union Bank of California, incorporated by reference from Exhibit 10.19.1 of Kaiser Ventures LLCs 10-K Report for the period ended December 31, 2008.                                                             
|              | 
|10.17         |  | Environmental Compliance Agreement dated as of June 19, 1997 between West Valley MRF, LLC and Union Bank of California, N.A., incorporated by reference from Exhibit 10.5 of
Kaiser Ventures Inc.s 10-Q Report for the period ended June 30, 1997.                                                                                                                                                                                            
|              | 
|10.18         |  | Environmental Guaranty Agreement dated as of June 19, 1997 given by Kaiser Ventures Inc. and Kaiser Recycling Corporation for the benefit of Union Bank of California, N.A.,
incorporated by reference from Exhibit 10.5.1 of Kaiser Ventures Inc.s 10-Q Report for the period ended June 30, 1997.                                                                                                                                           
|              | 
|10.18.1       |  | First Amendment and Restated Environmental Guaranty Agreement between West Valley MRF, LLC and Union Bank of California dated May 1, 2000, incorporated by reference from
Exhibit 10.4 of Kaiser Ventures Inc.s Form 10-Q Report for the period ended June 30, 2000.                                                                                                                                                                          



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KAISER VENTURES LLC AND SUBSIDIARIES



|              |  |                                                                                                                                                                                                                                                                                
|------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBITNUMBER |  | DOCUMENT DESCRIPTION                                                                                                                                                                                                                                                           
|              | 
|10.19         |  | Guaranty and Mandatory Deposit Agreement between West Valley MRF, LLC and Union Bank of California, N.A. dated May 1, 2000, incorporated by reference from Exhibit 10.4.1 of
Kaiser Ventures Inc.s Form 10-Q Report for the period ended June 30, 2000.                       
|              | 
|10.20         |  | First Amendment and Restated Environmental Compliance Agreement between West Valley MRF, LLC and Union Bank of California, N.A. dated May 1, 2000, incorporated by reference
from Exhibit 10.4.2 of Kaiser Ventures Inc.s Form 10-Q Report for the period ended June 30, 2000.
|              | 
|10.21         |  | Reimbursement Agreement between West Valley MRF, LLC and Union Bank of California, N.A. dated May 1, 2000, incorporated by reference from Exhibit 10.4.3 of Kaiser Ventures
Inc.s Form 10-Q Report for the period ended June 30, 2000.                                        
|              | 
|10.21.1       |  | Third Amendment Agreement (2000 L/C) dated as of May 1, 2007, between West Valley MRF, LLC and Union Bank of California, N.A., incorporated by reference from Exhibit 10.24.1 of
Kaiser Ventures LLCs 10-K Report for the period ended December 31, 2008.                     
|              | 
|10.22         |  | Loan Agreement between West Valley MRF, LLC and Union Bank of California, N.A. dated May 1, 2000, incorporated by reference from Exhibit 10.4.4 of Kaiser Ventures Inc.s
Form 10-Q Report for the period ended June 30, 2000.                                                 
|              | 
|10.23         |  | Loan Guaranty between West Valley MRF, LLC and Union Bank of California, N.A. dated May 1, 2000, incorporated by reference from Exhibit 10.4.5 of Kaiser Ventures Inc.s
Form 10-Q Report for the period ended June 30, 2000.                                                  
|              | 
|10.23.1       |  | Guarantors Acknowledgment and Consent (2000 L/C) dated as of May 1, 2007, between West Valley MRF, LLC and Union Bank of California, N.A., incorporated by reference from
Exhibit 10.26.1 of Kaiser Ventures LLCs 10-K Report for the period ended December 31, 2008.        
|              | 
|10.24         |  | Amended and Restated Administrative Services Agreement dated December 31, 2010, between Business Staffing, Inc. and the Company incorporated by reference from Exhibit 10.1 of
Kaiser Ventures LLCs Form 8-K dated December 31, 2010.                                         
|              | 
|14            |  | Code of Business Conduct and Ethics of Kaiser Ventures LLC incorporated by reference from Exhibit 14.1 of Kaiser Ventures LLCs Form 10-K Report for the year ended
December 31, 2002.                                                                                         
|              | 
|21            |  | Active subsidiaries of Kaiser Ventures LLC are: Lake Tamarisk Development, LLC; Kaiser Eagle Mountain, LLC; Kaiser Recycling, LLC; Business Staffing, Inc.; and Mine Reclamation,
LLC.                                                                                         
|              | 
|24            |  | Power of Attorney (included in the signature page).                                                                                                                                                                                                                            
|              | 
|31.1**        |  | Certificate of Richard E. Stoddard, Chief Executive Officer, pursuant to Rule 13a-14(a)/15d-14(a).                                                                                                                                                                             
|              | 
|31.2**        |  | Certificate of James F. Verhey, Chief Financial Officer, pursuant to Rule 13a-14(a)/15d-14(a).                                                                                                                                                                                 
|              | 
|32**          |  | Certificates of Richard E. Stoddard, Chief Executive Officer, and James F. Verhey, Chief Financial Officer, pursuant to Section 1350.                                                                                                                                          
|              | 
|99            |  | Amended and Restated Audit Committee Charter of Kaiser Ventures LLC adopted November 11, 2005 incorporated by reference from Exhibit 99, of Kaiser Ventures LLCs Report on
Form 10-QSB for the period ended September 30, 2005.                                               

(b) Reports on Form 8-K.

None.



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KAISER VENTURES LLC AND SUBSIDIARIES



SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this amendment to be signed on its behalf by the undersigned, thereunto duly
authorized.



|                       |  |                     |  |                                                                         
|---------------------- |  | ------------------- |  | ------------------------------------------------------------------------
|Date: January 13, 2012 |  | KAISER VENTURES LLC
|                       |  |                    
|                       |  | By:                 |  | /s/ Richard E. Stoddard                                                 
|                       |  | Name:               |  | Richard E. Stoddard                                                     
|                       |  | Title:              |  | President, Chief Executive Officer and Chairman of the Board of Managers



8



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KAISER VENTURES LLC AND SUBSIDIARIES



Pursuant to the requirements of the Securities Exchange Act of 1934, this amendment has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



|   |  |                                             |  |                                                                                                        |  |                 
|-- |  | ------------------------------------------- |  | ------------------------------------------------------------------------------------------------------ |  | ----------------
|   |  | Signature                                   |  | Title                                                                                                  |  | Date            
|   |  |                                             | 
|1. |  | Principal Executive Officer                 |  |                                                                                                        |  |                 
|   |  |                                             | 
|   |  | /s/ Richard E. Stoddard Richard E. Stoddard |  | President, Chief Executive Officer and Chairman of the Board of Managers (Principal Executive Officer) |  | January 13, 2012
|   |  |                                             | 
|2. |  | Principal Financial and
Accounting Officer  |  |                                                                                                        |  |                 
|   |  |                                             | 
|   |  | /s/ James F. Verhey James F. Verhey         |  | Executive Vice President, and Chief Financial Officer (Principal Financial and Accounting Officer)     |  | January 13, 2012



|   |  |                                         |  |         |  |                 
|-- |  | --------------------------------------- |  | ------- |  | ----------------
|   |  | SIGNATURE                               |  | TITLE   |  | DATE            
|4. |  | Managers                                |  |         |  |                 
|   |  |                                         | 
|   |  | /s/ Sarah J. Anderson Sarah J. Anderson |  | Manager |  | January 13, 2012
|   |  |                                         | 
|   |  | /s/ Ronald E. Bitonti Ronald E. Bitonti |  | Manager |  | January 13, 2012
|   |  |                                         | 
|   |  | /s/ Gerald A. Fawcett Gerald A. Fawcett |  | Manager |  | January 13, 2012
|   |  |                                         | 
|   |  | /s/ John W. Kluesener John W. Kluesener |  | Manager |  | January 13, 2012



9