Bhp has entered into a binding agreement with global infrastructure partners (gip), a part of blackrock, in relation to bhp’s share of western australia iron ore’s (waio) inland power network (the agreement) Gip credit funds provide customized capital solutions for infrastructure projects and companies across the power, renewables, energy transition, digital, midstream energy, transportation and water/waste sectors, while also leveraging gip’s significant operating expertise. Waio comprises four main joint ventures in the pilbara region of western australia
Bhp holds an 85% interest in waio Under the agreement, a trust entity will be established that is 51% owned and controlled by bhp and gip will provide us$2 billion in funding for a 49% stake Under the agreement, a trust entity will be established that is.
Diversified mining giant bhp on tuesday announced an agreement with global infrastructure partners (gip), part of blackrock, to fund nearly half of the western australia iron ore (waio) inland.
