BHP Reshapes Power Assets And Tests Low Carbon Shipping As Shares Rise
BHP Group has agreed to sell a 49% stake in its Western Australia iron ore inland power network to BlackRock's Global Infrastructure Partners. The transaction allows BHP to bring in a large external investor while keeping operational control of the energy assets that support its iron ore operations. Separately, BHP has advanced its decarbonization plans by supporting a shipment powered by low carbon methanol fuel in partnership with NYK. ASX:BHP is trading at A$51.13, with the share price...
BHP Group has agreed to sell a 49% stake in its Western Australia iron ore inland power network to BlackRock's Global Infrastructure Partners. The transaction allows BHP to bring in a large external investor while keeping operational control of the energy assets that support its iron ore operations. Separately, BHP has advanced its decarbonization plans by supporting a shipment powered by low carbon methanol fuel in partnership with NYK. ASX:BHP is trading at A$51.13, with the share price...