BHP Group (BHP) Teams Up With BlackRock For $2 Billion Investment

Group 1 - BHP Group (NYSE:BHP) is one of the largest mining companies globally and recently announced a $2 billion investment from BlackRock's Global Infrastructure Partners in its Western Australia Iron Ore's inland power network [2] - BHP will maintain operational control of the site and will hold a 51% stake in the new entity created with BlackRock, paying a tariff corresponding to its share [2] - Analysts have been active regarding BHP's shares, with JPMorgan raising its price target to GBp 2,300 from GBp 2,100 while maintaining a Neutral rating [3] Group 2 - Bank of America Securities has a Buy rating on BHP with a target price of A$49, indicating positive sentiment towards the stock [4] - On November 24th, BHP announced it would not pursue a combination with Anglo American plc, citing the potential of its own organic growth strategy as a reason [4]