Qrtly Production Report - Pt1

Broken Hill Proprietary Co Ld
26 October 2000

PART 1
                         Quarterly Production Report

Quarter Ended 30 September 2000 
     
 Minerals
- Steelmaking and Energy Materials

                                    quarter     % change       YTD   % change
Coal (Queensland)                                  
(millions tonnes)                     6.226          (7)     6.226        (7)

Iron Ore (West Aust)         
(millions tonnes)                    14.629          11     14.629        11

Briquettes (Venezuela)   
('000 tonnes)                            48           -         48         -

Briquettes (West Aust) 
('000 tonnes)                           105           -        105         -

Queensland coal production for the quarter ended 30 September 2000 was lower
compared with the corresponding quarter last year, primarily due to the sale of
Moura mine effective August 1999. Increased production at Blackwater mine
reflects improved demand for Blackwater thermal coal. Lower production at Crinum
underground mine resulted from a minor roof collapse and industrial action in
September. Production at Illawarra collieries was higher for the quarter
reflecting the impact of longwall changeouts during the same period last year.

WA iron ore production and shipments for the first quarter were higher than for
the corresponding quarter last year, capitalising on strong market demand.
Increased production from Yandi reflects increased demand from Japanese and
Asian markets. 

BHP's WA HBI plant is continuing to produce briquettes while undertaking trials
to determine the technical feasibility of production processes and the
commercial viability of the project. Orinoco HBI plant commenced commissioning
in June this year.


- Non-Ferrous and Industrial Materials

                                  quarter     % change         YTD     % change

Copper in concentrate     
('000 tonnes)                         188           (1)        188          (1)

Diamonds (Ekati)    
('000 carats)                         309           (3)        309          (3)

Silver in concentrate  
(Cannington)           
('000 ounces)                       7 485           16       7 485          16

Production of copper in concentrate for the quarter ended 30 September was
largely in line for the corresponding quarter last year; production at BHP's
North American copper operations ceased in June 1999. Production of copper in
concentrate at Escondida was in line with first quarter 1999 with significantly
lower average head grades largely offset by increased mine production and mill
throughput. Increased Tintaya production was due to equipment availability.
Escondida shipments were lower for the quarter due to the scheduling of
shipments.

Ekati diamond production was in line with production for the corresponding
quarter last year. 

Cannington silver production was higher for the first quarter compared to the
same quarter last year due to higher average head grades and improved mill
recoveries. 


Steel

                                quarter     % change         YTD     % change
Raw Steel  (Core)             
('000 tonnes)                     1 455            3       1 455            3

Raw Steel (Discontin.)             
('000 tonnes)                       373          (52)        373          (52)

Raw steel production (core steel operations) for the quarter ended 30 September
was higher than for the corresponding quarter last year due to higher production
from Port Kembla; Delta, Ohio, and Glenbrook Steelworks in New Zealand. Higher
despatches from Delta and higher domestic despatches from Glenbrook were due to
increased customer demand and improved production performance. 

Raw steel production (discontinuing steel operations) was lower for the first
quarter compared to the corresponding period last year due to the closure of
Newcastle primary steel operations in September 1999. This was in part offset by
higher production from Sydney Steel Mill with production maintained at peak
levels. Lower export despatches from Australian operations was due to the
cessation of export billet production following the closure of the Newcastle
operations.


Petroleum

                                  quarter     % change        YTD     % change
Oil & Condensate   
('000 barrels)                     20 820           17     20 820           17

Natural Gas             
(bcf)                                61.8            8       61.8            8

Oil and condensate production for the first quarter was higher compared to the
corresponding quarter last year due largely to new production from the
Laminaria/Corallina and Buffalo fields. This was in part offset by lower Bass
Strait production due to scheduled and unscheduled platform shut-ins for
maintenance. Production from Wanaea/Cossack was higher compared to the previous
year. During part of the corresponding period the Cossack Pioneer was offline
for a major refit. Production from the North West Shelf for September 2000 was
affected by planned shutdowns of both the onshore plant and offshore facilities.


Gas production for the quarter was higher than the corresponding quarter
reflecting increased production from Bass Strait due to increased demand and
increased production from Bruce. This was partly offset by lower production from
Liverpool Bay due to a scheduled shut down in September.


                          Production and Shipment Report                        
  

                                                          3         3 
                                QUARTER ENDED          MONTHS    MONTHS 
                               30 SEP   30 SEP     %   TO SEP    TO SEP    %   
                                 2000     1999  change   2000      1999  change 
Minerals                                                                    
Steelmaking and Energy Materials                                               
 Production                                                                  
  Coal       ('millions t)     13.010   14.132   -8%   13.010    14.132   -8% 
  Iron Ore - ('millions t)     14.629   13.230   11%   14.629    13.230   11% 
  West Aust                                                      
  Iron Ore - ('millions t)      1.778    1.588   12%    1.778     1.588   12% 
  Brazil
  HBI -      ('000 t)              48        -   N/A       48         -   N/A 
  Venezuela                                                                   
  HBI -      ('000 t)             105      111   -5%      105       111   -5% 
  West Aust                                                                     

 Shipments                                                                   
  Coal      ('millions t)      13.559   13.447    1%   13.559    13.447    1%   
                                                   
  Iron Ore -('millions t)      14.126   13.153    7%   14.126    13.153    7% 
  West Aust
  Iron Ore -('millions t)       1.624    1.992  -18%    1.624     1.992  -18% 
  Brazil
  HBI -     ('000 t)               40        -   N/A       40         -   N/A 
  Venezuela                                                                   
  HBI -     ('000 t)               54      122  -56%       54       122   -56% 
  West Aust

Non-Ferrous and Industrial Materials                                            

 Production                                                                  
  Copper in  ('000 t)             188      191   -1%      188       191    -1% 
  concentrate                                                                 
  Copper     ('000 t)              27       28   -4%       27        28    -4% 
  cathodes 
  (SXEW)                                                                      
  Gold in   (fine oz)         172,999  133,997   29%  172,999   133,997    29% 
  concentrate                                                       
  Silver in ('000 oz)           8,195    6,699   22%    8,195     6,699    22% 
  (lead) 
  concentrate                                                                 
  Lead in   (tonnes)           54,029   48,106   12%   54,029    48,106    12% 
  concentrate                                                                 
  Zinc in   (tonnes)           15,556   16,375   -5%   15,556    16,375    -5% 
  concentrate                                                                 
  Diamonds  ('000 carats)         309      319   -3%      309       319    -3% 
 Shipments                                                                   
  Copper    ('000 t)              145      265  -45%      145       265   -45% 
  Copper    ('000 t)               29       30   -1%       29        30    -1% 
  cathodes                                                                    
  (SXEW)                                                                      
  Gold      (fine oz)         128,771  186,304  -31%  128,771   186,304   -31% 
  Silver in ('000 oz)           7,485    6,469   16%    7,485     6,469    16% 
  concentrate                                                              
  Lead in   (tonnes)           48,504   45,663    6%   48,504    45,663     6% 
  concentrate                                                                 
  Zinc in   (tonnes)           13,853   16,583  -16%   13,853    16,583   -16% 
  concentrate                                                                 
 Steel                                                                       
 Core                                                                        
  Production                                                                  
  Raw steel ('000 t)            1,455    1,406    3%    1,455     1,406     3%  
  Marketable('000 t)           1,425    1,402    2%    1,425     1,402     2% 
  steel                                                                       
  products                                                                    
 Despatches                                                                  
  Steel     ('000 t)            1,236    1,191    4%    1,236     1,191     4% 
  despatches                                                                  
  
Discontinuing Operations                                                        
 Production                                                                  
  Raw steel ('000 t)              373      780  -52%      373       780   -52% 
  Marketable('000 t)              540      809  -33%      540       809   -33% 
  steel                                                                       
  products                                                                    
 Despatches                                                                  
  Steel     ('000 t)              527      793  -34%      527       793   -34% 
  despatches                                                                  

Petroleum                                                                   
 Production                                                                  
  Crude oil ('000 bbl)         20,820   17,754   17%   20,820    17,754    17% 
  & condensate                                                            
  Natural gas (bcf)              61.8     56.9    8%     61.8      56.9     8% 
  LPG           ('000 t)        172.6    166.6    4%    172.6     166.6     4% 
  Ethane        ('000 t)         23.2     22.3    4%     23.2      22.3     4% 
  Methanol      ('000 t)            -      8.8 -100%        -       8.8  -100% 

  Figures include BHP share of production from joint ventures and 100% of       
 production from controlled entities(unless otherwise stated).                  
                                                 
                           

PRODUCTION AND SHIPMENT REPORT (1) - SEPTEMBER 2000                             
         

                                             QUARTER ENDED     3        3      
                                                              MONTHS   MONTHS 
                                            30 SEP   30 SEP   TO SEP   TO SEP 
                                              2000     1999   2000     1999   
  MINERALS (1) (2)                                                            
  Coal Production                                                             
  Queensland                                                                  
                 CQCA                                                         
                 - Blackwater    (millions   1.056    0.869    1.056    0.869 
                                  tonnes)                                     
                 - Goonyella     (millions   0.924    0.892    0.924    0.892 
                                  tonnes)                                     
                 - Peak Downs    (millions   0.893    0.942    0.893    0.942 
                                  tonnes)                                     
                 - Saraji        (millions   0.608    0.600    0.608    0.600 
                                  tonnes)                                     
                 - Norwich       (millions   0.480    0.582    0.480    0.582 
                 Park             tonnes)                                     
                 Gregory Joint                                                
                 Venture                                                      
                 - Gregory       (millions   0.297    0.169    0.297    0.169 
                                  tonnes)                                     
                 - Crinum        (millions   0.554    0.692    0.554    0.692 
                                  tonnes)                                     
                 BHP Mitsui                                                   
                 Coal                                                         
                 - Moura (3)     (millions   0.000    0.554    0.000    0.554 
                                  tonnes)                                     
                 - Riverside     (millions   0.745    0.713    0.745    0.713 
                                  tonnes)                                     
                 - South         (millions   0.669    0.667    0.669    0.667 
                 Walker Creek     tonnes)                                     
                 (Trial Mine)                                                 
  BHP total share of             (millions   6.226    6.680    6.226    6.680 
  production (Queensland)         tonnes)                                     

  NSW                                                                         
                 Illawarra       (millions   1.738    1.693    1.738    1.693 
                 Collieries       tonnes)                                     
  BHP total share of             (millions   1.738    1.693    1.738    1.693 
  production (NSW)                tonnes)                                     

  Indonesia (4)                                                               
                 - Senakin       (millions   0.905    1.041    0.905    1.041 
                                  tonnes)                                     
                 - Satui         (millions   0.818    0.822    0.818    0.822 
                                  tonnes)                                     
                 - Petangis      (millions   0.243    0.262    0.243    0.262 
                                  tonnes)                                     
  BHP total share of             (millions   1.966    2.125    1.966    2.125 
  production (Indonesia)          tonnes)                                     

  USA                                                                         
                 New Mexico                                                   
                 Operations                                                   
                 - Navajo Mine   (millions   1.544    2.213    1.544    2.213 
                                  tonnes)                                     
                 - San Juan      (millions   1.536    1.421    1.536    1.421 
                 Mine             tonnes)                                     
  BHP total share of             (millions   3.080    3.634    3.080    3.634 
  production (USA)                tonnes)                                     
  BHP total share of             (millions  13.010   14.132   13.010   14.132 
  production                      tonnes)                                     

  Total Coal Shipments                                                        
                 -               (millions   6.945    7.057    6.945    7.057 
                 Metallurgical    tonnes)                                     
                 - Thermal       (millions   6.614    6.390    6.614    6.390 
                                  tonnes)                                     
  BHP total share of shipments   (millions  13.559   13.447   13.559   13.447 
                                  tonnes)                                     

(1)  Production and shipments data includes BHP's share of production from      
     joint ventures and 100% of production from controlled entities (unless     
     otherwise stated).                                                     

(2)  Coal production is reported on the basis of saleable product.              
(3)  Sale of Moura Mine was effective 20 August 1999.                           
(4)  Production reported at 86.5%, after allowing for the Indonesian state -    
     owned corporation's 13.5% share of all production.                         
                        

                                             QUARTER ENDED     3        3      
                                                              MONTHS   MONTHS 
                                            30 SEP   30 SEP   TO SEP   TO SEP 
                                              2000     1999   2000     1999   
 
 MINERALS (1)                                                                
  Iron Ore                                                                    
  Production                                                                  
                Western                                                       
                Australia                                                     
                Mt Newman                                                     
                Joint                                                         
                Venture                                                       
                - Mt          (millions   3.954     3.532     3.954     3.532 
                Whaleback      tonnes)                                        
                - OB 23/25    (millions   1.446     1.218     1.446     1.218 
                               tonnes)                                        
                Goldsworthy   (millions   1.576     1.787     1.576     1.787 
                Joint          tonnes)                                        
                Venture                                                       
                Yandi Joint   (millions   6.557     5.396     6.557     5.396 
                Venture        tonnes)                                        
                Jimblebar     (millions   1.096     1.297     1.096     1.297 
                               tonnes)                                        
  BHP total share of                                                          
  production                                                                  
  (Western Australia)         (millions  14.629    13.230    14.629    13.230 
                               tonnes)                                        
                Brazil                                                        
                Samarco (2)   (millions   1.778     1.588     1.778     1.588 
                               tonnes)                                        
  Australian Shipments                                                        
                - Lumps       (millions   3.545     3.714     3.545     3.714 
                               tonnes)                                        
                - Fines       (millions  10.581     9.439    10.581     9.439 
                               tonnes)                                        
  BHP total share of          (millions  14.126    13.153    14.126    13.153 
  Australian shipments         tonnes)                                        

                Brazil                                                        
                Samarco (2)   (millions   1.624     1.992     1.624     1.992 
                               tonnes)                                        
  Hot Briquetted Iron -                                                       
  Venezuela (2)                                                               
                Production        ('000     48         -        48         -  
                               tonnes)                                        
                Shipments         ('000     40         -        40         -  
                               tonnes)                                        
  Hot Briquetted Iron -                                                       
  Western Australia                                                           
                Production        ('000     105       111       105       111 
                               tonnes)                                        
                Shipments         ('000      54       122        54       122 
                               tonnes)                                        

(1) Production and shipments data includes BHP's share of production from joint 
    ventures and 100% of production from controlled entities (unless otherwise  
    stated).                                                      

(2) Production & shipments reported is the proportion of total production &     
    shipments determined by BHP's equity interest in Samarco Mineracao and      
    Orinoco Iron (50%).                                           
 

                                             QUARTER ENDED     3        3      
                                                              MONTHS   MONTHS 
                                            30 SEP   30 SEP   TO SEP   TO SEP 
                                              2000     1999   2000     1999   

 MINERALS (1)                                                                
  COPPER PRODUCTION SUMMARY                                                   
  Copper in Concentrate       - Chile     113.5     118.9     113.5     118.9 
  ('000 tonnes)               - PNG        51.5      51.0      51.5      51.0 
                              - Peru       23.4      21.0      23.4      21.0 

                      Total               188.4     190.9     188.4     190.9 

  Gold in Concentrate         - Chile    20 469    22 561    20 469    22 561 
  (fine ounces)               - PNG     144 357   102 560   144 357   102 560 
                              - Peru      8 173     8 876     8 173     8 876 

                      Total             172 999   133 997   172 999   133 997 
                                                                           
  Copper Cathodes (SXEW)      - Chile      20.0      19.9      20.0      19.9 
  ('000 tonnes)               - USA         7.1       8.3       7.1       8.3 
                              (2)                                             

                      Total                27.1      28.2      27.1      28.2 

  Copper Smelting and         -             0.0      37.5       0.0      37.5 
  Refining                    Saleable                                        
                              Rod                                             
  (all sources) ('000                                                         
  tonnes)                                                                     

  COPPER SHIPMENTS SUMMARY                                                    

  Copper (3)                  - Chile      89.4     116.2      89.4     116.2 
  ('000 tonnes)               - PNG        37.6      53.1      37.6      53.1 
                              - Peru       18.3      18.1      18.3      18.1 
                              -                                               
                              Smelter                                         
                              and                                             
                              Refinery                                        
                              (2)                                             
                              - BHP         0.0      20.5       0.0      20.5 
                              Source                                          
                              - Custom      0.0      57.4       0.0      57.4 
                              and                                             
                              Purchased                                       
                                                                              
                                          145.3     265.3     145.3     265.3 

  Gold (fine ounces)          - Chile    17 582    23 867    17 582    23 867 
  (fine ounces)               - PNG     104 586   113 589   104 586   113 589 
                              - Peru      6 603     7 605     6 603     7 605 
                              -                                               
                              Smelter                                         
                              and                                             
                              Refinery                                        
                              (2)                                             
                              - BHP           0    17 020         0    17 020 
                              Source                                          
                              - Custom        0    24 223         0    24 223 
                              and                                             
                              Purchased                                       
                                                                              
                                        128 771   186 304   128 771   186 304 
                                                                         
  Copper Cathodes (SXEW)      - Chile      22.1      21.4      22.1      21.4 
  ('000 tonnes)               - USA         7.1       8.1       7.1       8.1 
                              (2)                                             
                                           29.2      29.5      29.2      29.5 

(1) Production and shipments data includes BHP's share of production from joint 
    ventures and 100% of production from controlled entities(unless otherwise   
    stated).                                                      

(2) Following the announcement on 25 June 1999, production at North American    
    copper operations have ceased, other than SXEW operations which             
    continue at the Pinto Valley and San Manuel mines.                          
(3) Excludes USA and Chile Copper Cathodes (SXEW) shipments.                    
                               
                                             QUARTER ENDED     3        3      
                                                              MONTHS   MONTHS 
                                            30 SEP   30 SEP   TO SEP   TO SEP 
                                              2000     1999   2000     1999   

  MINERALS (1) (2)                                                            
  Escondida, Chile - Copper                                                   
                                                                              
                Material          ('000     75 557    61 919  75 557    61 919 
                mined (100%    tonnes)                                        
                Basis)                                                        
                Ore milled        ('000     12 358    11 510  12 358    11 510 
                (100%          tonnes)                                        
                Basis)                                                        
                Average                                                       
                head grade                                                    
                - Copper           (%)        1.85      2.05    1.85      2.05 
                Production        ('000     199.51    209.63  199.51    209.63 
                ex Mill -      tonnes)                                        
                100%                                                          

                Production                                                    
                - Copper in       ('000        114      119      114       119 
                concentrate    tonnes)                                        
                - Gold in         (fine     20 469   22 561   20 469    22 561 
                concentrate    ounces)                                        
                - Copper          ('000       20.0     19.9     20.0      19.9 
                cathodes       tonnes)                                        
                (SXEW)                                                        

                Shipments                                                     
                Copper in         ('000       89.4    116.2     89.4     116.2 
                concentrate    tonnes)                                        
                Gold              (fine     17 582   23 867   17 582    23 867 
                               ounces)                                        
                Copper            ('000       22.1     21.4     22.1      21.4 
                cathodes       tonnes)                                        
                (SXEW)                                                        

  Ok Tedi, Papua New Guinea                                                   
  - Copper                                                                    
                Material          ('000     22 299   21 902   22 299    21 902 
                mined          tonnes)                                        
                Ore milled        ('000      7 371    7 232    7 371     7 232 
                               tonnes)                                        
                Average                                                       
                head grade                                                    
                - Copper           (%)        0.93     0.83     0.93      0.83 
                - Gold           (g/t)        0.99     0.70     0.99      0.70 
                Production                                                    
                - Copper in       ('000       51.5     51.0     51.5      51.0 
                concentrate    tonnes)                                        
                - Gold in         (fine    144 357  102 560  144 357   102 560 
                concentrate    ounces)                                    

                Shipments                                                     
                Copper            ('000       37.6     53.1     37.6      53.1 
                               tonnes)                                        
                Gold              (fine    104 586  113 589  104 586   113 589 
                               ounces)                       

(1) Production and shipments data includes BHP's share of production from joint 
    ventures and 100% of production from controlled entities(unless otherwise   
    stated).                                                      

(2) Material mined, ore treated and average head grade data is based on total   
    mine activity. All copper operations are controlled entities except         
    Escondida, Chile which is a joint venture (BHP share 57.5%).                
                                      

                                             QUARTER ENDED     3        3      
                                                              MONTHS   MONTHS 
                                            30 SEP   30 SEP   TO SEP   TO SEP 
                                              2000     1999   2000     1999   


  MINERALS (1) (2)                                                            
  Tintaya, Peru - Copper                                                      
                Material          ('000     16 394    13 497  16 394    13 497 
                mined          tonnes)                                        
                Ore milled        ('000      1 620     1 390   1 620     1 390 
                               tonnes)                                        
                Average                                                       
                head grade                                                    
                - Copper           (%)        1.56      1.66    1.56      1.66 

                Production                                                    
                - Copper in       ('000       23.4      21.0    23.4      21.0 
                concentrate    tonnes)                                        
                - Gold in         (fine      8 173     8 876   8 173     8 876 
                concentrate    ounces)                                        

                Shipments                                                     
                Copper            ('000       18.3      18.1    18.3      18.1 
                               tonnes)                                        
                Gold              (fine      6 603     7 605   6 603     7 605 
                               ounces)                                        

  San Manuel Mine, USA -                                                      
  Copper (3)                                                                  
                Production                                                    
                - Copper          ('000        2.8       3.5     2.8       3.5 
                cathodes       tonnes)                                        
                (SXEW)                                                        

  Pinto Valley, USA -                                                         
  Copper (3)                                                                  
                Production                                                    
                - Copper          ('000        4.3       4.8     4.3       4.8 
                cathodes       tonnes)                                        
                (SXEW)                                                        

(1) Production and shipments data includes BHP's share of production from joint 
    ventures and 100% of production from controlled entities                    
    (unless otherwise stated).                                                  
(2) Material mined, ore treated and average head grade data is based on total   
    mine activity. All copper operations are controlled entities except         
    Escondida, Chile which is a joint venture(BHP share 57.5%).                 
(3) Following the announcement on 25 June 1999, production at North American    
    copper operations have ceased, other than SXEW operations which             
    continue at the Pinto Valley and San Manuel mines.                          
                             

                                             QUARTER ENDED     3        3      
                                                              MONTHS   MONTHS 
                                            30 SEP   30 SEP   TO SEP   TO SEP 
                                              2000     1999   2000     1999   

  MINERALS (1)                                                                

  Diamonds (2)                                                                

  Ekati, Canada                                                               
                Production                                                    
                - Diamonds        ('000     309       319       309       319 
                               carats)                                        
  Silver, Lead & Zinc                                                         
  Cannington, Australia                                                       
                Material          ('000     430       425       430       425 
                mined (100%    tonnes)                                        
                Basis)                                                        
                Ore milled        ('000     408       387       408       387 
                (100%          tonnes)                                        
                Basis)                                                        
                Average                                                       
                head grade                                                    
                - Silver         (g/t)      653       553       653       553 
                - Lead             (%)    14.50     12.97     14.50     12.97 
                - Zinc             (%)     5.10      4.66      5.10      4.66 

                Production                                                    
                - Silver in       ('000   8 195     6 699     8 195     6 699 
                (lead)         ounces)                                        
                concentrate                                                   
                - Lead in     (tonnes)   54 029    48 106    54 029    48 106 
                concentrate                                                   
                - Zinc in     (tonnes)   15 556    16 375    15 556    16 375 
                concentrate                                                   

                Shipments                                                     
                -Silver in        ('000   7 485     6 469     7 485     6 469 
                concentrate    ounces)                                        
                - Lead in     (tonnes)   48 504    45 663    48 504    45 663 
                concentrate                                                   
                - Zinc in     (tonnes)   13 853    16 583    13 853    16 583 
                concentrate                                                   

  Platinum Group Metals (3)                                                   
  Hartley, Zimbabwe                                                           
                Production                                                    
                (BHP Share)                                                   
                - Platinum    (ounces)        0     5 460         0     5 460 
                in final                                                      
                leach                                                         
                concentrate                                                   
                - Palladium   (ounces)        0     4 303         0     4 303 
                in final                                                      
                leach                                                         
                concentrate                                                   
                - Rhodium     (ounces)        0       394         0       394 
                in final                                                      
                leach                                                         
                concentrate                                                   

                Shipments                                                     
                (BHP Share)                                                   
                - Platinum    (ounces)        0    12 984         0    12 984 
                in final                                                      
                leach                                                         
                concentrate                                                   
                - Palladium   (ounces)        0     8 938         0     8 938 
                in final                                                      
                leach                                                         
                concentrate                                                   
                - Rhodium     (ounces)        0       903         0       903 
                in final                                                      
                leach                                                         
                concentrate                                                   

(1) Production and shipments data includes BHP's share of production from joint 
    ventures and 100% of production from controlled entities (unless otherwise  
    stated).                                                      

(2) Ekati, Canada commissioned during October 1998. BHP's interest in the joint 
    venture and reported share of production is 51%.                            
(3) BHP's interest in the joint venture and reported share of production is     
    67%, however BHP has an effective economic interest of 90.1%. On the 2 June 
    1999 BHP announced that it had signed an agreement with Zimbabwe Platinum   
    Mines Limited (Zimplats) for the conditional sale by BHP to Zimplats of its 
    interest in Hartley and Mhondoro joint venture projects in Zimbabwe.        
                                         
 

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