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POWER

BHP sells US$2B stake in WAIO power network to BlackRock

Will retain operational control of the iron ore network, including infrastructure

Oliver Gray
The deal is expected to close towards the end of the 2026 financial year, subject to FIRB approval.

The deal is expected to close towards the end of the 2026 financial year, subject to FIRB approval. | Credits: Shutterstock

BHP has signed a deal to sell a 49% stake in its Western Australian Iron Ore inland power network to Global Infrastructure Partners, a division of BlackRock, for US$2 (A$3) billion. Under the agreement,...

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