BHP strikes $2 bln infrastructure funding deal with GIP for WAIO power network

Core Viewpoint - BHP Group has entered into an agreement with Global Infrastructure Partners, a part of BlackRock, for a $2 billion investment in a minority stake of Western Australia Iron Ore's inland power network [1] Company Summary - BHP Group is collaborating with Global Infrastructure Partners to enhance its infrastructure capabilities in Western Australia [1] - The investment signifies BHP's commitment to developing its inland power network, which is crucial for its iron ore operations [1] Financial Summary - The agreement involves a substantial funding of $2 billion from the U.S.-based investor [1] - This investment will provide Global Infrastructure Partners with a minority stake in the power network, indicating a strategic partnership [1]