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Prices & Quotes - UK Markets - BlackRock World Mining Trust (BRWM)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 649.00p
Change Today:
1.00p
Market Cap:
1,192.54m
Sector:
Equity Investment Instruments

Sector movers: London Mining leads industrials metals higher

Date: Monday 30 Jul 2012

LONDON (ShareCast) - 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 today
Industrial 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 today
Household 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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BRWM Market Data

Currency UK Pounds
Price 649.00p
Change Today 1.00p
52 Week High 691.00p
52 Week Low 344.50p
Volume 187,179
Shares Issued 183.75m
Market Cap 1,192.54m

Performance Indicators

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BRWM Dividends

  Latest Previous
  Q1 Q4
Ex-Div 27-May-21 18-Mar-21
Paid 25-Jun-21 06-May-21
Amount 4.50p 8.30p

Trades for 14-Jun-2021

Time Volume / Share Price
13:19 1,350 @ 648.83p
13:18 160 @ 649.00p
13:18 308 @ 648.83p
13:17 300 @ 648.27p
13:13 1,800 @ 648.27p

BRWM Key Personnel

Chair David Cheyne