BHP and Generation Steel Sign Binding Renewable Power Deal for Proposed Collie Mill

Generation Steel announced a binding Power Purchase Agreement with BHP to supply renewable electricity for its proposed steel mill in Collie, Western Australia. Mirage News published the announcement on October 24, 2026.

What the Collie Power Agreement Covers

Under the agreement, renewable electricity will be supplied from operating solar and wind generation sources. The power supports Generation Steel's ambition to establish one of the world's lowest-emissions steelmaking operations, according to the announcement.

Generation Steel said the agreement represents an important milestone as it progresses development of the proposed Collie Steel Mill and advances plans to produce lower-carbon steel products in Western Australia.

"Being powered entirely by renewable energy from day one is a defining moment for Generation Steel," said Rajan Aggarwal, Executive Director and Co-Founder of Generation Steel. "It confirms our position at the forefront of low-carbon steel production and demonstrates that world-class, high-quality steel and genuine decarbonisation are not just compatible - they're the future of the industry."

Rob Whitham, BHP WA Nickel Manager Commercial Energy and Utilities, said the agreement shows how BHP can unlock additional value from the renewable energy arrangements established to support its business. "I am most proud of how our teams have worked together to convert surplus renewable energy into opportunities that support the wider community and economy," Whitham said.

BHP's Recent Partnership Record

BHP entered a long-term silver streaming agreement with Wheaton Precious Metals in June 2026, receiving a $4.3 billion upfront payment in exchange for silver deliveries calculated by reference to BHP's share of Antamina production, according to akta.pro company records. The same records describe it as the most valuable streaming transaction to date. BHP also initiated a joint trial with Rio Tinto and Caterpillar in June 2026 testing battery-electric Cat 793 XE haul trucks at its Jimblebar iron ore mine in the Pilbara, with a next phase planned to evaluate dynamic charging technology for 24/7 operations.

BHP's October 2026 Developments

BHP said on October 20 that it is advancing plans to raise Copper South Australia's annual copper output to about 500,000 tonnes by 2035 and up to 650,000 tonnes by 2040, Shanghai Metals Market reported. BHP produced 4.9 million tonnes of steelmaking coal and 4.4 million tonnes of energy coal in the September quarter of FY2027, the same outlet reported. BHP shareholders approved electing Brandon Craig and Mark Vassella as directors at the 2026 annual general meeting, The future of trading reported.