BHP Shares Inch Down After Entering Agreement to Explore Potential Large-Scale Energy Supply for Western Australia Iron Ore Operations
MT Newswires Live
Yesterday
BHP Group's (ASX:BHP) shares inched down nearly 0.2% in recent trading on Thursday after it said in a statement late on Wednesday that it signed a non-binding memorandum of understanding with Yindjibarndi Energy to explore a potential large-scale energy supply for its Pilbara-based iron ore operations in Western Australia.
The parties will assess options across power generation, electricity transmission, and enabling infrastructure, which includes scalable renewable energy.
Any future outcomes will be subject to further technical studies, commercial considerations, and approvals, the statement added.
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