BHP sells 49% stake in WAIO inland power partnership to GIP for US$2 billion
Bitget2026/10/14 06:04- BHP entered a silver streaming agreement with Wheaton Precious Metals tied to its Antamina mine stake, raising USD 4.3 billion upfront.
- Wheaton will receive a share of BHP’s equity share of Antamina’s future silver output, monetizing a non-core by-product.
- Separately, BHP agreed with Global Infrastructure Partners to sell a 49% stake in a WAIO inland power partnership for USD 2 billion cash.
- BHP retains strategic and operational control of the power network, paying a tariff linked to WAIO consumption over 25 years.
- Proceeds were earmarked for growth investment, with some returned to shareholders via the FY2026 dividend.
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