BlackRock Inc. Interest in Mining Companies | Mining University

BlackRock Inc. Interest in Mining Companies

I noticed this morning that several of the mining companies that I follow on the SEC EDGAR (Electronic Data Gathering, Analysis and Retrieval) system have filed a form 13G about the 'acquisition of beneficial ownership by individuals' for stock owned by BlackRock Inc. As I read through the filings it became clear that these weren't new acquisitions (even investment firms don't buy millions of shares in half a dozen companies in one go) so I spent some time learning about SEC schedule 13G.

It turns out that schedule 13G is related to form 13D . Both these files are intended to report that an investor owns more than 5% of a publicly traded company. These forms are updated annually. What I had originally thought were new acquisitions were really only the annual update to the SEC filing.

Even as just updates to the record I found the amount of mining stock owned by BlackRock to be impressive. Here are some of the companies in which BlackRock owns more than a 5% share:

AngloGold Ashanti (AU): 20,908,941 shares or 5.46% or $608,450,183 at $29.10/share

Barrick (ABX): 87,777,710 shares or 8.77% or $2,834,342,256 at $32.29/share

Freeport McMoran (FCX): 84,022,739 shares or 8.85% or $2,983,647,462 at $35.50/share

Goldcorp (GG): 95,391,332 shares or 11.76% or $3,428,364,472 at $35.93/share

Newmont (NEM): 61,681,268 or 12.55% or $2,723,227,982 at $44.15/share

Peabody (BTU): 23,677,411 shares or 8.82% or $587,673,341 at $24.82/share

Rio Tinto (RIO): 128,626,019 shares or 9.12% or $7,289,236,497 at $56.66/share

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