BHP sells 49% stake in WAIO inland power partnership to GIP for US$2 billion
BHP•BHP agreed to sell Global Infrastructure Partners a 49% stake in its WAIO inland power partnership for US$2 billion in cash. Separately, a silver streaming agreement tied to BHP’s Antamina mine stake will raise US$4.3 billion upfront.
1. Two transactions
BHP agreed to sell Global Infrastructure Partners a 49% stake in its WAIO inland power partnership for US$2 billion in cash, while retaining strategic and operational control. BHP will pay a tariff linked to WAIO consumption over 25 years. Separately, Wheaton Precious Metals will pay US$4.3 billion upfront for a share of BHP’s equity share of future silver output from Antamina; proceeds are earmarked for growth investment and, in part, shareholder returns through the FY2026 dividend.
