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Pin to quick picksBlackRock World Mining Trust plc Share News (BRWM)

Share Price Information for BlackRock World Mining Trust plc (BRWM)

London Stock Exchange
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Share Price: 590.00
Bid: 585.00
Ask: 588.00
Change: -2.00 (-0.34%)
Spread: 3.00 (0.513%)
Open: 582.00
High: 595.00
Low: 582.00
Prev. Close: 592.00
BRWM Live PriceLast checked at -

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Sector movers: London Mining leads industrials metals higher

Mon, 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 stake in its Marampa licence in Sierra Leone.Blackrock will acquire a 2% revenue-related royalty from any iron ore sales over the life of the mine, paying $110m in cash. The transaction will be immediately earnings-enhancing and gives Blackrock direct long term commodity price exposure to iron ore whilst avoiding mining sector cost inflation. "This innovative deal is a key part of our long term funding strategy for Marampa's growth. It recognises the value of Marampa's expansion to 9Mtpa and beyond and strengthens London Mining's financial capability to achieve this," said London Mining's Chief Executive Officer Graeme Hossie.Elsewhere, AIM-listed Toledo Mining rose after updating investors on production at its Berong nickel mine. Production in the three months to the end of June was 179,178 wmt at an average grade of 1.63% nickel, the firm said.Top performing sectors so far todayIndustrial Metals & Mining 2,575.62 +4.11%Banks 3,611.10 +2.15%Oil Equipment, Services & Distribution 24,212.88 +2.15%Mining 17,472.06 +1.95%Life Insurance 4,348.36 +1.61%Bottom performing sectors so far todayHousehold Goods & Home Construction 7,044.33 -1.07%Forestry & Paper 5,886.55 -0.82%Food & Drug Retailers 3,976.90 -0.80%Media 4,384.32 -0.75%Insurance (non-life) 1,520.75 -0.36%BC
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7 Mar 2012 16:35

London close: Stocks rebound as Greek debt-swap looms

-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

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10 Jan 2012 15:27

FTSE 250 movers: Debenhams in top spot

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

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16 Dec 2010 14:33

BlackRock World Mining in bullish mood

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

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28 Jul 2010 14:28

BlackRock World Mining asset value dips in June

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

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15 Jun 2010 16:10

BlackRock World Mining NAV down 6%

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

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21 Apr 2010 16:49

Blackrock World Mining outperforms

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

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15 Jan 2010 13:56

Birch says goodbye to BlackRock

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

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14 Aug 2009 07:36

Blackrock World Mining resumes growth

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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