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Because of the establiment of BHP Australia was about to have its first major mining and steel production company.
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Charles Rasp, a boundary rider on the Mt Gipps sheep station, believed he had found tin on the Broken Hill in the Barrier Ranges in western New South Wales. The Broken Hill Mining Company was established by seven men from the Mt Gipps sheep station.
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The Broken Hill Mining Company was dissovled and became the Broken Hill Proprietary Company Limited (BHP). BHP began mining silver, lead and zinc deposits.
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Smelting commenced at Port Pirie, South Australia.
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First export of lead to China by BHP
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Leases are obtained over Iron Knob and Iron Baron iron ore deposits in south Australia.
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BHP commneces iron ore mining at Iron Knob
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BHP begins steelworks operation at Newcastle, New South Wales on 2 June.