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M.I.M. Holdings Limited
A.B.N. 69 009 814 019
410 Ann Street, Brisbane, Queensland, Australia 4000
GPO Box 1433, Brisbane 4001
Telephone: (07) 3833 8000    Facsimile: (07) 3839 4009


Information Release

Wednesday, 16 January 2002

JONATHAN LORAINE TO LEAVE MIM

After more than six years with MIM, Jonathan Loraine, Executive General Manager Exploration and Development, has resigned from the company and will leave at the end of January.

Managing Director Vince Gauci said Mr Loraine had made a significant contribution to MIM.

"With his technical and business skills and international experience, Jon has been a valuable member of the senior management team. During the crucial turnaround period of recent years, he was heavily involved in MIM's corporate restructuring. Under Jon's executive management, the Ernest Henry and George Fisher mines were successfully brought to production and exploration was given greater focus," Mr Gauci said.

For further information:

Media:
Collin Myers
General Manager Corporate Affairs
Bus: (61 7) 3833 8285
Mobile: 0419 703 145

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About MIM

MIM is an Australian-based mining and mineral processing company producing copper, coal, zinc, lead, silver and gold in Australia, UK, Germany and Argentina. The group has around 8,000 employees worldwide and in 2000/2001 generated sales revenue of $3.4 billion.

MIM aims to create shareholder value as an efficient and competitive mining and exploration company.

Safety has the highest priority with employees at MIM, and the company has a strong commitment to environmental management and reporting.