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BHP Group Ltd ( (AU:BHP) ) has issued an update.
BHP Group Limited has entered into a US$2 billion agreement with Global Infrastructure Partners (GIP) to fund the inland power network of its Western Australia Iron Ore (WAIO) operations. Under the agreement, BHP will maintain operational control while GIP will acquire a 49% stake in the infrastructure. This strategic move allows BHP to access capital while retaining control over critical infrastructure, thus supporting its long-term strategy to boost iron ore production to 305 million tonnes per annum. The deal is expected to enhance BHP’s balance sheet flexibility and shareholder value, with completion anticipated by the end of FY2026, pending regulatory approvals.
The most recent analyst rating on (AU:BHP) stock is a Hold with a A$43.00 price target. To see the full list of analyst forecasts on BHP Group Ltd stock, see the AU:BHP Stock Forecast page.
More about BHP Group Ltd
BHP Group Limited is a leading global resources company headquartered in Australia. It primarily operates in the mining industry, focusing on the production of iron ore, copper, coal, and petroleum. The company is known for its extensive operations in the Pilbara region of Western Australia, where it holds a significant interest in Western Australia Iron Ore (WAIO). BHP is committed to sustainable development and aims to increase its iron ore production while maintaining flexibility for future growth.
Average Trading Volume: 8,231,917
Technical Sentiment Signal: Buy
Current Market Cap: A$227.7B
For a thorough assessment of BHP stock, go to TipRanks’ Stock Analysis page.