Group 1 - BHP is selling 85% of its stake in a power network company for $2 billion to Global Infrastructure Partners (GIP) [1] - The power network supplies electricity to BHP's large iron ore mining operations in the Pilbara region of Western Australia [1] - GIP will acquire 49% of the power network, while BHP will maintain operational and strategic control over the energy network for its iron ore business [1] Group 2 - The sale is part of BHP's strategy to free up funds for growth opportunities, particularly in the copper sector [1] - BHP's CEO Mike Henry stated that the agreement allows the company to obtain funding while retaining control over its energy network [1] - Other major mining companies, such as Rio Tinto, are also looking to sell infrastructure assets to raise cash for increased investment in growth [2]
必和必拓(BHP.US)以20亿美元出售关键电力资产 为铜等增长业务备足资金