BlackRock World Mining Trust plc Share News (BRWM)

Blackrock World Mining Trust Net Asset Value Drops 27% In 2013

LONDON (Alliance News) - Blackrock World Mining Trust PLC Thursday reported a 27% drop in its net asset value per share for 2013. The investment trust held its final dividend at 14.00 pence per share for the year, as it reported a net asset value per share of 499.39 pence, down from 685.75

FTSE 250 movers: Telecity sinks on revenue prediction

Data centre services group Telecity saw its shares dive after predicting 2014 revenue would be below that forecast by analysts following a good set of results for 2013. Liberum issued a 'sell' rating on the company saying the guidance was five per cent below its guidance. Engineering and project m

BlackRock World Mining Trust Performs Favourably Against Benchmark

Euromoney Executive more than halves stake

Bashar AL-Rehany, an Executive Director of Euromoney, the international publishing business, this week sold 22,485 shares, reducing his stake to 14,791. The £252,500 disposal, which was made on behalf of his wife, saw the shares sold at 1,123p a piece. The sale was made on Thursday, the same day

Investors see opportunity as miners seek alternative finance

* Royalties, streaming attract large investors * Audley Capital's Julian Treger takes CEO job at Anglo Pacific * BlackRock sees potential for more royalty investment By Karen Rebelo and Clara Ferreira-Marques BANGALORE/LONDON, Oct 31 (Reuters) - From fund giant BlackRock t

Blackrock World Mining Trust Reaches Non-Binding Agreement With Avanco Resources

BlackRock forms non-binding agreement on royalty investment

BlackRock World Mining Trust announced that is has formed a non-binding agreement on the key commercial terms of a royalty investment. The deal, which has been formed with Avanco Resources, relates to a $12m net smelter return investment on Avanco's whole licensed area in Carajas, Brazil. It off

BlackRock World Mining Trust stands by heavy exposure to Rio Tinto

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

Sector movers: London Mining leads industrials metals higher

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

BlackRock moves into mining royalties

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

BlackRock World Mining takes bath in March

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

Admiral CFO in share disposal

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

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

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

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