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BHP sells 49% of WA iron ore power network to BlackRock for $2B, keeping control and freeing capital for growth.
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.
BHP will pay a tariff based on power usage over 25 years, freeing capital to support investments in copper and potash.
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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BHP vende el 49% de la red eléctrica de mineral de hierro de WA a BlackRock por $ 2B, manteniendo el control y liberando capital para el crecimiento.