Desmond diamond mine return ‘disappoints’ BlackRock

Significant US investor shrinks stake after tough year for sector

Barry J Whyte

Chief Feature Writer @whytebarry
10th March, 2019
Dermot Desmond has already provided €6 million to Datalex this year

Giant US investment firm BlackRock says the performance of Mountain Province Diamonds has “disappointed the market” and has trimmed back its stake in the Dermot Desmond-backed company.

The comments came from the annual report by Ian Cockerill, the chairman of BlackRock World Mining Trust – a division of the investment giant – who said “2018 was a disappointing year for the mining sector” and that BlackRock’s “diamond exposure has continued to disappoint, with...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years