Exhibit 21
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Kaiser Inc. has seven active subsidiaries, all of which will become the
subsidiaries of Kaiser LLC upon consummation of the merger contemplated by the
Conversion Proposal.

Subsidiaries:
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1.   Kaiser Eagle Mountain, Inc., a Delaware corporation (which will be
     converted into a Delaware limited liability company prior to the merger)
2.   Kaiser Steel Corporation, a Delaware corporation
3.   Kaiser Steel Land Development, Inc. , a Delaware corporation
4.   Kaiser Recycling Corporation, a Delaware corporation (which will be
     converted into a Delaware limited liability company prior to the merger)
5.   KSC Recovery, Inc., a Delaware corporation with activities limited to those
     permitted in the 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
     Inc.'s Annual Report on Form 10-K for the year ended December 31, 1988
6.   Lake Tamarisk Development Corporation, a California corporation (which will
     be converted into a California limited liability company prior to the
     merger)
7.   Mine Reclamation, LLC, a California limited liability company (formerly
     Mine Reclamation Corporation)