Investment in mining companies (FOI)Investment in mining companies (FOI)
Produced by the Freedom of Information officeAuthored by Government of Jersey and published on
11 March 2019.Prepared internally, no external costs.
Request
Could you please provide an update to the below Freedom of Information request (FOI) in regards to providing a list of mining companies, with a breakdown of the amounts invested in each company that the States pooling arrangement invests in as part of the Common Investment Fund ('CIF'), showing the updated investment positions as at 31 December 2018:
States investment in mining companies (FOI)
Response
Stocks are classified into various sectors based upon their primary industry as defined by the FTSE Industry Classification Benchmark (the Index).
‘Mining’ is a defined industry within the Index. As at 31 December 2018 only a single stock was held in entities classified by the benchmark to be a constituent of the ‘mining’ sector, this is detailed below:
Information relating to the Public Employees Contributory Retirement Scheme (PECRS) does not fall within the definition of information held by the Treasury for the purposes of the Freedom of Information (Jersey) Law 2011.
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