Steel Leadership Team

Broken Hill Proprietary Co Ld
23 June 2000


BHP ANNOUNCES STEEL PORTFOLIO LEADERSHIP TEAM

The Broken Hill Proprietary Company Limited (BHP) today announced details of
the Portfolio Leadership Team (PLT) for BHP Steel.  The BHP Steel PLT is a
further step in establishing a BHP portfolio management structure, and follows
on from the Company's announcement of the BHP Minerals PLT in April and the
BHP Petroleum PLT earlier this month.

The new BHP Steel organisation model is led by the six member Portfolio
Leadership Team.

The BHP Steel PLT will be responsible for managing the Steel portfolio, with
flat products manufacturing and distribution across Australia, New Zealand and
Asia.  The structure enables a strong focus on customers, service and
marketing, and reflects Steel's value chain, which stretches from iron and
steelmaking to the delivery of solutions to building and manufacturing
industries. 

Five members of the Steel PLT have been appointed with the remaining position
to be filled in due course:

- President BHP Steel:                                  Kirby Adams
- President Flat Products:                              Lance Hockridge
- President Coated Products:                            John Cleary
- Vice President Fulfilment and Market Solutions:       To be recruited
- Vice President Finance:                               Warren Saxelby

BHP Chief Strategic Officer Brad Mills will also be a member of the BHP Steel
PLT.  BHP Policy Committee members rotate through business unit PLTs on an
annual basis.

BHP Steel President Kirby Adams said 'In adopting this new portfolio model we
are moving towards a better and faster way of doing business, enhanced by the
global strength of BHP.  The creation of a Fulfilment and Market Solutions
capability emphasises our determination to create an integrated market and
service strategy for the customers of BHP Steel.  It will include the
implementation of e-commerce initiatives, and the further development of BHP
Steel's relationship with BHP Transport and Logistics, and other alliance
partners.'

'This is an exciting new era for BHP Steel,' Mr Adams said.

BHP Steel is the new steel business of BHP.  It is headquartered in Melbourne,
has manufacturing facilities in Australia, New Zealand and South East Asia,
and markets a wide range of value added flat products.

BHP's long products steel business is now known as OneSteel Limited, and is to
be spun out at the end of this year.  


Contact:

MEDIA RELATIONS                    INVESTOR RELATIONS
Mandy Frostick                     Dr Robert Porter
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Phone:       [phone]        Phone:        [phone]
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