BlackRock stakes a $3b claim in WAIO
BlackRock stakes a $3b claim in WAIO BHP (ASX: BHP) has entered a binding agreement with Global Infrastructure Partners (GIP), in relation to the miner’s share of WA Iron Ore’s (WAIO) inland power network. Currently, BHP holds an 85% interest in WAIO. Under the agreement, an entity will be formed to split this interest with BHP controlling 51% and GIP holding the remaining 49%. BHP will pay the entity a tariff linked to its share of WAIO’s inland power across a 25-year period. BHP retains full operational control of WAIO including its inland power structure. BHP chief...