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Article: Mines guru can't get the gloom.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 19, 2006
CopyrightCOPYRIGHT 2006 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Barrie Dunstan
Oct 19, 2006 (The Australian Financial Review - ABIX via COMTEX) -- BlackRock Investment Management is the largest manager of natural resources stocks in the world, with around $US24 billion ($A32 billion) in funds. MD, Evy Hambro, is confident that the commodities market will continue its strong run. Supply remains constrained while demand is growing strongly, which supports the case for higher commodity prices. He says shares in companies such as BHP Billiton and Rio Tinto are trading at a discount and the resources sector generally is undervalued. He blames the bearish attitude towards mining stocks on concerns about world economic ...