reuters.com

Baowu Considers 15%–25% Stake in BHP Iron Ore Mine Project

BHP Group logoBHP Group
Sig1.68Sen+1.35Env0.00Soc0.00Gov+0.62

Baowu is considering seeking a stake of between 15% and 25%, potentially drawn from BHP’s share of an iron ore project, according to sources. No decision has been made and there is no certainty a deal will follow. BHP said its Western Australian Iron Ore business remains central to its portfolio and it is committed to the region.

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