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flag BHP sells 49% of WA iron ore power network to BlackRock for $2B, keeping control and freeing capital for growth.

flag BHP has agreed to sell a 49% stake in the power network for its Western Australia iron ore operations to BlackRock’s Global Infrastructure Partners for $2 billion, creating a trust where BHP retains 51% ownership and operational control. flag BHP will pay a tariff based on power usage over 25 years, freeing capital to support investments in copper and potash. flag The deal, expected to close by June 30, 2026, pending regulatory approval, reflects a broader trend of mining firms monetizing infrastructure to boost financial flexibility.

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