BHP has struck a $US2 billion ($3 billion) deal for BlackRock to take a stake in its West Australian power network, as the world’s biggest miner seeks to monetise its infrastructure assets.
Western Australia Iron Ore’s inland network powers BHP’s operations in the Pilbara – a region that produces the majority of the world’s iron ore and the bulk of BHP’s revenues and profits.
Loading...
Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
