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BHP Says Partnerships Regularly Explored as China's Baowu Reportedly Eyes Iron Ore Mine Stake

MT Newswires·09/04/2026 06:48:03
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06:48 AM EDT, 09/04/2026 (MT Newswires) -- BHP (BHP.L, BHG.JO) said Friday it regularly assesses partnership opportunities at its assets, following a media report of China Baowu Steel Group weighing a stake in its Western Australian iron ore operations. The mining giant noted that the Western Australian iron ore business remains central to its portfolio and reiterated its full commitment to the business and to Western Australia. In a same-day report citing two sources familiar with the matter, Reuters said China Baowu Steel Group is considering a 15% to 25% stake in BHP's Jimblebar iron ore mine in Western Australia.