BBP babcock & brown power

bhp 2 year contract plus maybe more to come?

  1. 102 Posts.
    Recent extract from the BHP deal--

    Under the two-year contract, BBP will provide electricity for copper mining and smelting operations, which use about 10 per cent of all power in South Australia. The contract does not include supply after expansion of the mine, when it will use nearly half the state's electricity.

    Most of the electricity will come from two coal-fired power stations BBP owns.

    -----------------------------------------

    Huge power demand by the looks of it, plus China's demand for BHP resources as its stimulas and economy start to start back up. Looks good. BUT, is it also possible that BBP could get the expansion contract from BHP as well (which looks massive) considering they now have a major contract with them, it is with while to consider right?

    Profit taking today, plus financial s picking up, BBP has some good bargain stock prices again. Might be a good time to pick some up. :-)
 
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