BlackRock World Mining Trust stands by heavy exposure to Rio Tinto
14th Feb 2013 13:35
The BlackRock World Mining Trust has published a portfolio update disclosing heavy exposure to the Anglo Australian mining group Rio Tinto. The Trust, which reported that over the last year the portfolio had registered a small drop in its undiluted net asset value (NAV) of -15.1%, stood by its hold
Read moreSector movers: London Mining leads industrials metals higher
30th Jul 2012 15:32
Industrial metals and mining stocks were on the rise on Monday with iron ore group London Mining surging after announcing a royalty transaction this morning. Shares in London Mining were nearly 18% higher today after saying that asset management firm BlackRock World Mining Trust is to buy a small s
Read moreBlackRock moves into mining royalties
30th Jul 2012 07:22
Asset management firm BlackRock World Mining Trust is to buy a small stake in London Mining's Marampa licence in Sierra Leone. Blackrock will acquire a two per cent revenue-related royalty from any iron ore sales over the life of the mine, paying $110m in cash. The transaction will be immediately
Read moreBlackRock World Mining takes bath in March
3rd May 2012 13:35
March was the cruellest month for BlackRock World Mining Trust as its investments in mineral stocks took a bath. The group reported a 7.6% fall in net asset value (NAV) in March, although the end-March figure still stands 4.3% higher than the end-2011 figure. Furthermore, the performance in March
Read moreAdmiral CFO in share disposal
18th Apr 2012 14:14
Kevin Chidwick, Chief Financial Officer of Admiral, the FTSE 100 car insurance group, has sold off a chunk of shares awarded to him through the firm's senior executive restricted share plan. Chidwick, 48, offloaded 34,207 shares at 1,179.00p each for a total of £403,301. The director also retained
Read moreLondon close: Stocks rebound as Greek debt-swap looms
7th Mar 2012 16:35
-Greek debt-swap participation rate estimated at 58%. -Greek government confident of achieving rate of at least 75%. -Admiral surges after full-year results. London's blue chips bounced back today, following yesterday's sharp selling, with investors now looking to tomorrow's Greek debt-swap deadlin
Read moreFTSE 250 movers: Debenhams in top spot
10th Jan 2012 15:27
Debenhams raced into pole position after its Christmas trading statement showed a better-than-expected like-for-like (LFL) sales performance in the 18 weeks to January 7th. Shares jumped over 11% after LFL sales (excluding VAT) came in flat, compared with expectations of a decline. Panmure Gordon
Read moreBlackRock World Mining in bullish mood
16th Dec 2010 14:33
BlackRock World Mining narrowed its discount to net assets in November and thinks mining stocks at these levels are a good buying opportunity, especially with further takeover activity likely. The trust's discount to net asset value (NAV) is down to 15% - the lowest in three months - from 17.2% in
Read moreBlackRock World Mining asset value dips in June
28th Jul 2010 14:28
Weaker equity markets and concerns about demand from China trimmed BlackRock World Mining Trust's net asset value (NAV) by 6.2% in June. NAV per share on capital only fell to 626.51p as the share price ended the month down at 549p, a 12.4% discount to net assets. Evy Hambro, investment manager res
Read moreBlackRock World Mining NAV down 6%
15th Jun 2010 16:10
BlackRock World Mining Trust's net asset value (NAV) fell 6% last month on fears over sovereign debt and demand from China, but the recent dip in equity markets has made valuations more attractive, it thinks. On a capital only basis the net asset value dropped to 668.59p a share, leaving the shares
Read moreBlackrock World Mining outperforms
21st Apr 2010 16:49
BlackRock World Mining Trust had a good first quarter, outperforming the HSBC Global Mining Index with a 12% increase in its undiluted net asset value (NAV) per share. The HSBC Global Mining Index rose by 11% over the same period. Undiluted NAV per share (cum income) at the end of March stood at 73
Read moreBirch says goodbye to BlackRock
15th Jan 2010 13:56
Star fund manager Graham Birch will not return to BlackRock at the end of his nine-month sabbatical, leaving Evy Hambro in charge of BlackRock World Mining Trust. Birch has been away since the end of March and was due to return early this year. There was no indication Birch was going to call it a
Read moreBlackrock World Mining resumes growth
14th Aug 2009 07:36
Blackrock World Mining Trust, the investment trust focused on mining investments, resumed the growth story that was interrupted in 2008. The company’s net asset value grew by 34.4% in the first half of 2009, and has grown a further 15.3% since the end of June. For comparison purposes the company n
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