Blog posts

A Tale of Two Trusts – SLS and BRWM

Yesterday Blackrock World Mining (BRWM) announced they were writing off their investment in London Mining. This was one of their largest holdings and cut the trust's net asset value by almost 8%. The share price promptly fell by 8% on the day and fell further today. Who are London Mining you may ask? This is a small iron ore mining company based in Sierra Leone which has been badly affected by the slump in iron ore prices and the Ebola crisis ...

AGM Reports

BlackRock World Mining (BRWM) AGM Report 2024

This article reflects the opinions of its author and not necessarily those of ShareSoc. AGM Date: 9th May 2024 Location: BlackRock’s Offices, Throgmorton Avenue, London. (Nearest tube – Moorgate, though Liverpool Street is in walking distance too). Online access also available. Structure: Coffee & biscuits pre-meeting with the directors mingling a bit. Meeting – A Presentation from the two fund managers; plenty of questions, then AGM business. A presentation by the trustees of the Julian Baring Fellowship Fund (which was set up by the family of Julian ...

Blackrock World Mining (BRWM) AGM Report 2012 – A Resolution unexpectedly voted down

The Annual General Meeting of Blackrock World Mining Trust took place at Blackrock’s offices in the City of London yesterday. This company is an investment trust which invests in mining and metal companies primarily, with potentially some minor direct holding in physical metals. It’s performance over the years has been similar to its benchmark although it did slightly better last year (in the sense that the NAV fell less than the index when this sector suffered from a general malaise). However, the ...