UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2006
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ASA (Bermuda) Limited
Address: 11 Summer Avenue, 4th floor, Buffalo, NY 14209-2256
Form 13F File Number: 28-11034
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Robert J.A. Irwin
Title: Chairman, President & Treasurer
Phone: 716-883-2428
Signature, Place, and Date of Signing:
/s/ Robert J.A. Irwin Buffalo, NY 14209-2256 April 25, 2006
------------------------ ------------------------- -------------------
[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 7
Form 13F Information Table Value Total: $160,344 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13f file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
None
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
TITLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER --------------------------
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------- --------- -------- --------- --- ---- ---------- --------- ---- ------ ----
Barrick Gold Common Stock 067901108 19,885 730,000 SH Sole 730,000
Corporation
Compania de Minas Sponsored ADR 204448104 22,221 900,000 SH Sole 900,000
Buenaventura
Goldcorp Common Stock 380956409 26,325 900,000 SH Sole 900,000
Incorporated
Harmony Gold Sponsored ADR 413216300 34,402 2,166,400 SH Sole 2,166,400
Mining Company
Limited
Meridian Gold Common Stock 589975101 17,790 600,000 SH Sole 600,000
Incorporated
Newmont Mining Common Stock 651639106 27,002 520,368 SH Sole 520,368
Corporation
Randgold ADRs 752344309 12,719 700,000 SH Sole 700,000
Resources
Limited
[Repeat as necessary.]