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BHP CEO says $2B BlackRock deal is 'first of a series' of similar infrastructure moves

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10 hours ago

BHP has announced a new $2 billion deal to sell a 49% stake in its Western Australia power network to BlackRock-owned Global Infrastructure Partners.  The new deal allows the company to unlock cash from its energy infrastructure without ending control of its iron ore operations. The move comes as BlackRock is moving to buy hard infrastructure.BHP CEO Mike Henry spoke to "The Claman Countdown" about the deal. "This is really about us looking to be as sharp as we can be about how we go about allocating capital and where there's opportunities for us to free up some parts of our business, secure c...

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10 hours ago
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