BHP Inks $2B Infrastructure Partnership Deal With BlackRock's GIP

Key Takeaways BHP struck a $2B deal with GIP for a 49% stake in a new entity for WAIO's inland power network.BHP will operate WAIO and pay a 25-year tariff while using proceeds within its capital framework.The agreement is slated to close by late fiscal 2026 and supports WAIO's plan to lift iron ore output.BHP Group Limited (BHP) announced that it inked a binding deal with Global Infrastructure Partners (“GIP”), which is part of BlackRock, Inc. (BLK) , for BHP’s stake in Western Australia Iron Ore's (“WAIO” ...