BLACKROCK WORLD MINING TRUST PLC
Interim Management Statement - 3 months to 30 September 2009
To the members of BlackRock World Mining Trust plc
This interim management statement has been produced solely to provide
additional information to shareholders as a body to meet the relevant
requirements of the UK Listing Authority's Disclosure & Transparency Rules. It
should not be relied on by any other party for any other reason.
This interim management statement relates to the period from 1 July 2009 to 30
September 2009, and contains information that covers this period, and up to the
date of publication of this interim management statement. Please note more
detailed performance information, in particular the July, August & September
2009 month end announcements are available on the Investment Manager's website-
www.blackrock.co.uk/its.
The Company's objective is to maximise total returns to shareholders through a
world-wide portfolio of mining and metal securities. Up to 10% of the assets
may be invested in physical metals. The Company is managed by Evy Hambro of
BlackRock Investment Management (UK) Limited.
Stock Performance
Cumulative Performance:
One Three One Five
Month Months Year Years
Net Asset Value (undiluted) 11.0% 32.7% 17.0% 159.7%
Share Price 11.9% 28.8% 21.0% 155.7%
HSBC Global Mining Index 11.4% 27.2% 33.0% 176.2%
All performance figures are in sterling terms on a total return basis.
Ten Largest Equity Holdings at 30 September 2009 (in alphabetical order)
BHP Billiton
First Quantum Minerals
Freeport McMoRan
Fresnillo
Impala Platinum
Minas Buenaventura
Newcrest Mining
Rio Tinto
Teck Resources
Vale
Financial position and performance as at 30 September 2009
Gross Assets (£m)* 1,032.51
Short term borrowings (£m) nil
Undiluted Net Asset Values:
Net asset value-Cum Income 580.84p
Net asset value-Capital Only 576.59p
Share Price 495.00p
Ordinary Shares in Issue** 177,762,242
Gearing nil
Discount to NAV*** 14.2%
*including current year revenue
**excluding treasury shares
***based on capital only NAV
Material Events/Transactions
There were no material events or transactions throughout the period.
The Board is not aware of any material events or transactions occurring between
30 September 2009 and the date of publication of this interim management
statement which would have a material impact on the financial position of the
Company. Latest information is available by typing, www.blackrock.co.uk on the
internet, "BLRKINDEX" on Reuters, "BLRK" on Bloomberg or "8800" on Topic 3 (ICV
terminal).
Contact details:
Caroline Driscoll
Secretary
Tel: 020 7743 2427
29 October 2009
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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