BHP Files Holder Notice

Broken Hill Proprietary Co Ld
6 June 2000



BHP FILES SUBSTANTIAL HOLDER NOTICE 

The Broken Hill Proprietary Company Limited (BHP) today announced it has filed
an initial substantial holder notice with the Australian Stock Exchange
indicating that it has acquired a 12.216 per cent shareholding in Email
Limited.

Email Limited is an Australian-based appliance manufacturer and metals
distribution company.  BHP has acquired a total of 33.2 million Email shares,
at an average price of $3.30 per share, for a total investment of
approximately A$110 million.
 
BHP said it was likely the investment in Email would be held through OneSteel
Limited, BHP's steel long products business scheduled to be spun-out later
this year. A final decision on how the investment is to be held has not been
made.

OneSteel Managing Director and Chief Executive Officer Bob Every said: 'The
acquisition of a shareholding in Email Limited is an attractive opportunity
during a period of adjustment in the Australian steel and metals distribution
markets.'


Contact: 

MEDIA RELATIONS:                    INVESTOR RELATIONS:       
Mandy Frostick                      Andrew Nairn
Manager Media Relations             Senior Business Analyst
Ph:        [phone]          Ph:       [phone]
Mob:       [phone]          Mob:      [phone]