Brief: Blackrock World Mining Trust provides update on its investment in London Mining

BlackRock World Mining Trust

10/10/2014 12:02

Oct 10 (Reuters) - Blackrock World Mining Trust Plc  brwm.l  
    * Blackrock world mining trust plc update on revenue 
position 
    * Further to announcement made on 8 october 2014 regarding 
write down of london mining royalty contract and convertible 
bond 
    * Board has now assessed expected impact of these holdings 
on its anticipated income for year ending 31 december 2014. 
    * Based on latest information, exchange rates available 
revenue return per ordinary share for year ending 31 december 
2014 is expected to be about 19.6 pence per share 
    * Board expects that, in absence of unforeseen circumstances 
 it will recommend a final dividend for year ending 31 dec 2014 
of 14p per share 
    * Estimate is based on having received in cash from london 
mining, in year to date, £0.5m in respect of royalty contract 
and £1.3m in interest on convertible bond 
    * Expectation of receiving nothing further from london 
mining to contribute towards this year's revenue return. 
 
Source text for Eikon:  ID:nPRrA9EBBa  
Further company coverage:  brwm.l  
 
 ((Bangalore Newsroom: +91 806 749 1136)) 
 
Keywords: BLACKROCKWORLDMININGTRUST/BRIEF