19 Aug 2010 11:06

BlackRock ups Petropavlovsk stake to 16.06%

MOSCOW. Aug 19 (Interfax) - BlackRock Investment Management (UK) Limited has increased its stake in Russian gold and iron ore miner Petropavlovsk plc to 16.06%, Petropavlovsk said in a statement late August 18.

BlackRock owned 15.14% of Petropavlovsk as of March 1.

Petropavlovsk, one of Russia's biggest gold producers, mined 166,300 ounces of the metal in H1 2010.