BHP Explores Further Infrastructure Deals While Pursuing $100 Billion Goal

Deep News
02/17

BHP Group's Chief Financial Officer Vandita Pant stated that the company has "significant opportunities" to unlock additional value by managing its asset portfolio, though it will not set a deadline for achieving its target of generating up to $100 billion through transactions. On Tuesday, the company announced it had entered into a $4.3 billion metals streaming agreement with Wheaton Precious Metals for silver from the Antamina mine in Peru. BHP aims to generate a total of up to $100 billion through deals, including the sale to Wheaton and a $2 billion Australian power infrastructure agreement signed in December.

In an interview following the release of BHP's half-year results on Tuesday, Pant remarked, "Within our company, there is a lot of infrastructure—and possibly undervalued assets—that have not been fully recognized." She added, "We have desalination assets, and we have other power assets. So there are quite a few opportunities in this area."

Pant emphasized that BHP will not set a specific timeline for any future transactions. She expressed confidence, saying, "I am quite confident that our shareholders can see we are not just talking, but acting." She concluded, "You can expect us to continue managing our capital and asset base very keenly to create incremental value for shareholders—these two transactions are a clear demonstration of that."

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