BlackRock World Mining Trust plc
BWMTF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- J. Richard Kushel
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 12 Throgmorton Avenue London United Kingdom EC2N 2DL
- IPO Date
- May 27, 2008
- Website
- blackrock.co.uk
- Similar Companies
- Business
- BlackRock World Mining Trust plc (BRWM) is a UK-listed investment trust that seeks long-term capital growth and income through a diversified portfolio of global mining and metals companies; it primarily invests in equities of producers and related firms across precious metals including gold and silver, base metals such as copper, nickel, zinc and aluminium, and bulk commodities; the portfolio also includes royalties from metal and mineral production, up to 10% in physical metals, fixed income securities, and up to 20% in unquoted assets, with exposure to energy and agriculture-related natural resources sectors. Managed by Evy Hambro and Olivia Markham of BlackRock's Natural Resources team and benchmarked against the MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (net total return), the trust targets companies benefiting from structural trends like the energy transition, infrastructure development, digitalization and critical minerals demand, serving institutional and retail investors seeking commodities and natural resources sector exposure. Founded in 1993 as Mercury World Mining Trust plc (later Merrill Lynch World Mining Trust plc until 2008), the company is headquartered at 12 Throgmorton Avenue, London, England, and operates globally with investments spanning developed and emerging markets. In recent developments, the trust sold its royalty contract on BHP's Pedra Branca gold and copper mine in Brazil to Gold Royalty Corp. for $70 million in December 2025, realizing proceeds from an unquoted investment; it continues active share buybacks into treasury, with multiple purchases recorded in early 2025 to manage discount to net asset value; board changes include the appointment of Marion Sears as a non-executive director in August 2025, Elisabeth Scott in May 2024, and Charles Goodyear as chairman in May 2024 following his appointment in 2023. The trust reported net asset value per share of 510.53 pence as of 31 December 2024, with total dividends of 23.00 pence per share for the year amid challenging commodity markets influenced by China sentiment and geopolitics.