BlackRock World Mining Trust plc is a United Kingdom-based investment trust. Its principal activity is portfolio investment and its subsidiary, BlackRock World Mining Investment Company Limited (together the Group), is engaged in investment dealing. The Company's investment policy is to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximizing total returns. While the policy is to invest principally in quoted securities, the Company's investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals. Up to 10% of gross assets may be held in physical metals and up to 20% may be invested in unquoted investments. BlackRock Investment Management (UK) Limited is the investment manager and BlackRock Fund Managers Limited is the alternative investment manager of the Company. https://finance.yahoo.com/quote/BRWM.L?p=BRWM.L
Portfolio holdings https://www.blackrock.com/uk/individual/literature/policies/bwmt-portfolio-disclosure.pdf
BlackRock World Mining Trust plc (“the Company”) LEI - LNFFPBEUZJBOSR6PW155 Voting Rights and Capital (Article 15 Transparency Directive, DTR 5.6) In conformity with the FCA’s Disclosure Guidance and Transparency Rules (the “Rules”) provision 5.6.1, the Company would like to notify the market that as at 30 April 2020 its issued share capital consisted of 173,605,020 Ordinary Shares of 5 pence each (excluding shares held in treasury), carrying one vote per share. As at 30 April 2020, the Company held 19,406,822 Ordinary Shares in treasury. https://uk.finance.yahoo.com/news/blackrock-world-mining-trust-plc-060000700.html
BLACKROCK WORLD MINING TRUST PLC (LEI - LNFFPBEUZJBOSR6PW155) ANNOUNCEMENT OF QUARTERLY INTERIM DIVIDEND 30 April 2020 The Board of BlackRock World Mining Trust plc is pleased to announce that the first quarterly interim dividend in respect of the quarter ended 31 March 2020 of 4.00p per ordinary share has been declared by the Directors, payable on 26 June 2020 to holders of ordinary shares on the register at the close of business on 29 May 2020 (ex-dividend date is 28 May 2020). Although recognising the current economic climate makes the income for the full year uncertain, the Board anticipates that it will continue to pay a 4.00p interim dividend for the next two quarters and it will then distribute substantially the full balance of the Company’s available income for the year as a final dividend payment. https://uk.finance.yahoo.com/news/blackrock-world-mining-trust-plc-134000535.html
GBP 364.50 BRWM surprisingly recovered well since March/April ....i increased my holdings in that period and am very happy with it .
Blackrock World Mining Outperforms On Iron Ore, Gold Producers (Alliance News) -Â Blackrock World Mining Trust PLC on Wednesday reported a interim outperformance versus its reference index. Net asset value per share edged down to 428.24 pence at the end of June from 433.17p at December 31. Over the period, its NAV returned 3.4% while its reference index, the MSCI ACWI Metals & Mining 30% Buffer 10/40 Index, slipped 0.7%. The company's "strong relative result" compared with most other sectors was due to its exposure to highly cash generative companies such as iron ore producers, the firm said, as well as to gold miners which have continued to sell what they have produced at gradually rising prices. "Mining companies should be well-placed to withstand the economic weakness relative to other sectors given their balance sheet strength. Strong capital discipline should also help miners weather the volatility, as well as the sector being a key beneficiary of increased infrastructure spending and a recovery in demand. Whilst huge uncertainties remain over the short-term outlook, the quality bias in the portfolio, with a focus on companies with stronger balance sheets and lower costs, should hold the company in good stead," said Blackrock World Mining. Its total payout for the six month period was 8.00p, flat on a year ago. Shares in Blackrock World Mining closed down 0.1% at 413.50p in London on Wednesday. The firm added that it has made a positive adjustment of 31 basis points to its NAV as at Tuesday. The investment company said the increase was due to the receipt of tax reclaims totalling GBP2.6 million from Her Majesty's Revenues & Customs. Blackrock World Mining explained that until 2009, while dividends paid to the company by UK companies were not subject to UK corporation tax, dividends paid to the company by non-UK companies were subject to corporation tax. The company's investments include shares issued by both UK companies and non-UK companies. A number of cases were brought against the UK HMRC on the grounds that the difference in treatment was illegal under European Union law. In 2018, the UK Supreme Court ruled that dividends on non-UK portfolio shareholdings were taxable but that credit should be given for the underlying foreign tax at the foreign nominal corporate income tax rate of the source country. Blackrock said it has now been contacted by the HMRC in regard to a corporation tax refund. It added that while the amount to be repaid has not yet been formally agreed, it expects to receive GBP2.6 million. By Ife Taiwo; [email protected] and Lucy Heming;Â [email protected] Copyright 2020 Alliance News Limited. All Rights Reserved. https://www.lse.co.uk/news/blackroc...-iron-ore-gold-producers-qjckwzvvyv4xfbq.html
BlackRock World Mining Trust Plc - Adjustment to Net Asset Value BlackRock World Mining Trust Plc - Adjustment to Net Asset Value PR Newswire London, August 19 The Board of BlackRock World Mining Trust plc (the 'Company') is pleased to announce a positive adjustment of 31 basis points to the net asset value ('NAV') of the Company as at 18 August 2020 due to the recognition of an expected receipt of tax reclaims for a value of £2,560,568 on foreign income in the Company's accounts, as explained below. Background The Company's investments include shares issued by both UK companies and non-UK companies. Until 2009, while dividends paid to the Company by UK companies were not subject to UK corporation tax, dividends paid to the Company by non-UK companies were subject to UK corporation tax, although credit could be given for any withholding tax suffered. A number of cases challenging this difference in treatment, on the basis that it was illegal under European Union law, were commenced against the UK tax authorities ('HMRC'). The litigation most relevant to the Company was commenced in 2003 in the UK High Court, pursuant to the terms of a group litigation order ("GLO"). The Prudential Assurance Company Limited ultimately became the test case under the GLO. The Company took a number of measures to protect its investors in relation to this matter, including filing tax returns for accounting periods to 31 December 2006, 31 December 2007, 31 December 2008 and 31 December 2009 (the 'relevant accounting periods') on the basis that foreign dividends were exempt from UK corporation tax and commencing proceedings against HMRC in the UK High Court (which led to the Company enrolling in the GLO in 2013). In 2018, the Company also filed related statutory claims for double tax relief. On 25 July 2018, the UK Supreme Court handed down its judgment in the Prudential case, ruling that dividends on non-UK portfolio shareholdings were taxable but that credit should be given for the underlying foreign tax at the foreign nominal corporate income tax rate of the source country. This decision, and the potential impact of this on the Company's NAV, was previously referred to in the Chairman's Statement contained in the Company's Annual Report and Financial Statements for the year ended 31 December 2018. The Company has now received correspondence from HMRC accepting the entitlement of the Company to make a claim for double tax relief in the relevant accounting periods in relation to underlying tax suffered on dividends from non-UK companies. This double tax relief reduces the corporation tax liability to nil for all periods resulting in a repayment of the corporation tax suffered in the relevant accounting periods. While the amount of the repayment has not been formally agreed with HMRC, and as such a degree of uncertainty remains, the Company now considers receipt of a repayment is sufficiently probable that it should make an accrual for accounting purposes to reflect such treatment. The corporation tax refund expected to be received by the Company following HMRC's acceptance of the claims for the relevant accounting periods amounts to £2,560,568. The accounting rules applicable to the Company determine that an uncertain tax receivable shall be accrued in the NAV of the Company when, in the view of the Board, the successful future receipt of such a receivable is probable. The Board's current assessment is that the future receipt of the tax reclaims described above is probable and so meets this threshold. For further information, please contact: Simon White Managing Director BlackRock Investment Management (UK) Limited Tel: 020 7743 5284 Joe Winkley Winterflood Tel: 020 3100 0000 https://www.finanznachrichten.de/na...ust-plc-adjustment-to-net-asset-value-008.htm
