Global Mining Investments (GMI)

Shares / Stock Code

GMI

Stock Exchange / Sharemarket

Australian Securities Exchange

Global Mining Investments (GMI) is an LIC that invests in metal and mining companies across global markets. The investment manager of the GMI portfolio is BlackRock Investment Management (UK) Limited (BlackRock), based in London. BlackRock is responsible for managing the world’s largest metal and mining mutual fund and uses these skills to manage GMI’s investments.

GMI has been established to provide Australian investors with access to a diversified portfolio of global metal and mining companies. GMI was incorporated on 28 January 2004, and its investment operations commenced on 7 April 2004. It was listed on the ASX on 8 April 2004.

The Company’s objective in managing capital is to provide shareholders with capital growth over the medium-to long term, balanced with the distribution of income received by the Company, through the payment of fully franked dividends to its shareholders. The commodity spread at June 30, 2009, was 21% in gold, 12% in platinum, 11% in copper, 5% in coal, 4% in nickel and the balance spread across diversified producers. The Company is managed by Karara Capital Limited. BlackRock Investment Management (UK) Limited is the investment manager of the Company.

Global Mining Investments is fully invested in natural resource equities. It also allows investors to gain access to commodities, geographic regions and companies that are not available through investing only on the ASX. GMI's customers include general investors and fund managers. Competitors include other investment companies, funds and trusts.

Global Mining Investments (GMI) Products and Services

  • Investment company investing in the natural resource sectors in global equity markets

Global Mining Investments (GMI) Locations and Subsidiaries

Global Mining Investments Head Office
Level 29, 101 Collins Street,
MELBOURNE, VIC 3000
Phone: (03) 9235 1700
Fax: (03) 92351722

Global Mining Investments (GMI) Share Price

Submitted by ASX Listed Company on 27 March, 2010 - 01:48

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!