BHP sells 49% of its Pilbara power network to GIP for $2 billion
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
| Sector | Réseaux électriques, Distribution |
|---|---|
| Theme | Investissements & Transactions, Développement de projets, Financement |
BHP has finalised a $2 billion deal with Global Infrastructure Partners (GIP), now part of BlackRock, to divest 49% of its inland power network in Western Australia, central to its iron ore operations. The infrastructure includes a gas-fired power station, around 400 km of transmission lines, and key facilities supplying BHP’s Pilbara mines.
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