BHP Sells Power Network to BlackRock

BHP Group, a leading mining company, is selling a 49% stake in its power network in Western Australia to BlackRocks Global Infrastructure Partners for $2 billion. This deal allows BHP to secure cash for future investments, particularly in copper, while maintaining control of its energy operations. The sale is part of a broader trend among major miners to divest infrastructure assets for growth opportunities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.