July 28, 2017 9:49 AM ET

Capital Markets

Company Overview of BlackRock World Mining Trust plc

Company Overview

BlackRock World Mining Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the mining and metal sectors. The fund benchmarks the performance of its portfolio against the Euromoney Global Mining Index. It was formerly known as Merrill Lynch World Mining Trust PLC. BlackRock World Mining Trust plc was formed on December 15, 1993 and is domiciled in the United Kingdom.

12 Throgmorton Avenue

London,  EC2N 2DL

United Kingdom

Founded in 1993

Key Executives for BlackRock World Mining Trust plc

Head of Human Resources and Senior Managing Director
Age: 46
Managing Director and UK Head of Investment Trusts
Age: 63
Senior Managing Director, Chairman of EMEA, and Director
Age: 64
Vie Chairman
Age: 50
Chief Risk Officer and Senior Managing Director
Age: 59
Compensation as of Fiscal Year 2017.

BlackRock World Mining Trust plc Key Developments

BlackRock World Mining Trust plc Announces First Quarterly Interim Dividend Payable on 30 June 2017

The Board of BlackRock World Mining Trust plc announced that the first quarterly interim dividend in respect of the quarter ended 31 March 2017 of 3.00 pence per ordinary share has been declared by the Directors, payable on 30 June 2017 to holders of ordinary shares on the register at the close of business on 2 June 2017 (ex-dividend date is 1 June 2017).

BlackRock World Mining Trust plc Recommends Final Dividend for the Year Ended 31 December 2016, Payable on 12 May 2017; Provides dividends Guidance in the year to 31 December 2017; Provides consolidated and company earnings results for the year ended December 31, 2016

The Directors of BlackRock World Mining Trust plc are recommending the payment of a final dividend of 9.00 pence per share for the year ended 31 December 2016. The final payment will be made on 12 May 2017 to shareholders on the company's register on 17 March 2017, the ex-dividend date being 16 March 2017. The Board’s current target is to declare three dividends of at least 3.00 pence per share in the year to 31 December 2017 and to recommend a final dividend for approval by shareholders at the Annual General Meeting in 2018. The company announced consolidated and company earnings results for the year ended December 31, 2016. For the year, on consolidated basis, the company reported revenue return per share for the year to 31 December 2016 amounted to 13.19 pence compared with 18.47 pence for the previous year. Income from investment was GBP 22,383,000 against GBP 30,503,000 a year ago. Profit before tax was GBP 336,230,000 against loss of GBP 207,265,000 a year ago. Profit for the year was GBP 333,912,000 against loss of GBP 210,131,000 a year ago. Earnings per share was 189.04 pence against loss of 118.53 pence per share a year ago. Net cash inflow from operations was GBP 6,913,000 against GBP 67,680,000 a year ago. For the year, on company basis, the company reported profit before tax was GBP 336,230,000 against loss of GBP 207,273,000 a year ago. Net cash inflow from operations was GBP 6,910,000 against GBP 70,993,000 a year ago. The company’s net asset value (NAV) per share has risen by 92.9%.

BlackRock World Mining Trust plc, Annual General Meeting, May 04, 2017

BlackRock World Mining Trust plc, Annual General Meeting, May 04, 2017, at 10:30 Coordinated Universal Time. Location: 12 Throgmorton Avenue London United Kingdom

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