Gartmore Investment Ltd
| Gartmore Investment Ltd | |
|---|---|
| Based in | London, Exeter, Devon |
| Active in | Indonesia, West Papua, Sierra Leone, former USSR, Australia |
| Targeted | base metals, precious metals |
Gartmore Investment Ltd, the UK fund manager associated with private equity group Hellman Fried, and Barclays Global Investment (qv) has 7% of Firestone Diamonds PLC [Hemscott 16 August 2009]. It has held (or holds):
- small stakes in CVRD-Inco (now known as Vale) and Freeport McMoran [Observer 20 April 2007];
- 4.38% of Ormonde Mining PLC (see JP Morgan Fleming) [Hemscott 13 February 2008]; and
- 4.20% of Caledon Resources PLC [Hemscott 20 February 2008];
- 6.02% of Aurum Mining PLC [Hemscott 24 January 2008];
- 4.42% of Avocet Mining PLC (see Elliott Associates LP) [Hemscott 14 February 2009].
Gartmore Global Trust PLC, as of 31 July 2008, held £2.3 million in Vale, and £1.3 in Rio Tinto. By January 2010, the stake in Vale remained at roughly the same in value; that in Rio Tinto increased to £1,615,000, and the Trust also had shares worth £3,118,000 in Freeport McMoran Copper and Gold - the huge US mining company that has a 40% exploration and production agreement with Rio Tinto in Indonesia-controlled West Papua.
Gartmore Growth Opportunities plc, as of June 30 2008, held minor equity in Avocet Mining and Firestone Diamonds.
At the end of July 2009, Gartmore held 7.003% of Firestone Diamonds, registered via three nominee accounts, including those of HSBC Investment Bank and Nutraco Nominees.
By 31 March 2010, Gartmore Irish Growth Fund PLC held £87,000 in Galantas Gold.


