BlackRock (BLK) resources investment chief Evy Hambro sees a "massive opportunity" in mining...

|By:, SA News Editor

BlackRock (BLK) resources investment chief Evy Hambro sees a "massive opportunity" in mining stocks, sparked by continued industry consolidation driven by low valuations of companies. Global miners are trading at 9.35x estimated earnings, about half their average in the past five years. Top holdings in BLK's $36B resources portfolio: RIO, BHP, VALE, FCX, TCK.