Dividend Notification Declaration

Broken Hill Proprietary Co Ld
31 July 2000


Number       78/00

BHP DIVIDEND DECLARATION ARRANGEMENTS

The Broken Hill Proprietary Company Limited (BHP) Board today announced a
dividend declaration schedule for the Company.  

The review of the dividend declaration arrangements follows the announcement
by the Directors on 17 December 1999 that the financial year for the BHP Group
would change from 31 May to 30 June, with effect from 30 June 2000.

In future, it is the intention of the Directors to consider the payment of
dividends in conjunction with the first and third quarter profit
announcements.  Accordingly, it is expected that interim and final dividends
will be declared in November and May and payment made in December and June or
July respectively.

BHP Directors previously announced an unfranked dividend of 26 cents per share
for payment on 3 July 2000.  

It remains the intention of the Directors to maintain the suspension of the
Dividend Reinvestment Plan.


Contact:

MEDIA RELATIONS                   INVESTOR RELATIONS
Mandy Frostick                    Robert Porter
Manager Media Relations           Vice President Investor Relations
Ph:     61 3 9609 4157            Ph:     61 3 9609 3540
Mobile: [phone]            Mobile: [phone]