2nd Quarter & Interim Results

ANGLO PACIFIC GROUP PLC
28 July 1999


                      ANGLO PACIFIC GROUP PLC
             REPORT FOR THE QUARTER ENDED 30 JUNE 1999 

REPORT FOR THE QUARTER ENDED 30 JUNE 1999 

MAIN OPERATIONS

1.   Gordon Resources - Coalmine Royalty Entitlements - Queensland

     (a)  Kestrel

     RTZ  have changed the name of the Gordonstone Mine to Kestrel,
     and  have  recently indicated that normal production should be
     reached  in  the  third  quarter,  which  will be reflected in
     royalty receipts.

     (b)  Crinum
     
     The  royalty  received  from  the Crinum coalmine, operated by
     BHP,  for  the  quarter  to  31st  March  1999  was A$ 501,143
     compared  to  A$  773,388  for the quarter ended 31st December
     1998.

2.   Fife Silica Sands, Scotland.

     Sales  are  ahead  of  budget  for the first six months of the
     year.

Contact:  Peter Boycott  Chairman                 01259 754 700
          Anglo Pacific Group plc
          Peter Gaze     Cardew & Co.             0171 930 0777

ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 30 JUNE 1999

                                              CURRENT      YEAR TO
                                              QUARTER         DATE
                                                        (6 months)
                                                 £ m          £ m 

 CASHFLOWS RELATED TO OPERATING ACTIVITIES

 Receipts from product sales and related
 debtors                                         1.7           2.9

 Payments for:                                                    
 exploration and evaluation                         -            -

 development                                        -            -

 production                                     (1.4)        (2.7)

 administration                                 (0.2)        (0.5)
 Dividends received                                 -            -

 Interest and other items of a similar
 nature received                                    -            -

 Interest and other costs of finance paid       (0.1)        (0.2)

 Income taxes paid                              (0.2)        (0.3)
 Other - Royalties received                      0.2          0.5 

 NET OPERATING CASHFLOWS                           -         (0.3)

 CASHFLOWS RELATING TO INVESTING
 ACTIVITIES

 Payment for equity investments                    -         (0.1)
 Other (restructuring costs)                       -           -  

 Payment for purchases of other fixed           (0.4)        (0.6)
 assets

 Proceeds from sale of equity investments        0.1          0.1 

 NET INVESTING CASHFLOWS                        (0.3)        (0.6)

 CASHFLOWS RELATED TO FINANCING ACTIVITIES

 Cash proceeds share issue                       0.4          0.4 

 Proceeds from borrowings                          -            - 

 Repayment of borrowings                           -            - 
                                                     
 Other - share buy back                            -            - 
 NET FINANCING CASHFLOWS                         0.4          0.4 

 NET INCREASE (DECREASE) IN CASH HELD            0.1         (0.5)

 Cash at beginning of quarter                   (0.5)         0.1
 Exchange rate adjustments                          -            -

 CASH AT END OF QUARTER                         (0.4)        (0.4)

ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS

FOR THE QUARTER ENDED 30 JUNE 1999

                                                 Amount     Amount
                                              Available       Used
                                                 £ 000      £ 000 

 FINANCING FACILITIES AVAILABLE
 Barclays Bank PLC - overdraft facility            770        439 

 Barclays Bank PLC - Loan facility                3,750      3,750

 ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER                      £ m

 Exploration and evaluation                                   Nil 

 Development                                                  Nil 
                                                              Nil 

 RECONCILIATION OF CASH                         Current   Previous
                                                Quarter    Quarter
                                                 £ 000      £ 000 

 Cash on hand and at bank                             1          1

 Deposits on call                                     5          5
 Bank overdraft                                   (439)      (495)

 Total cash at end of quarter                     (433)      (489)

ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER

 Categories of            Number      Number       Par     Paid-up
 Securities               Issued      Quoted     Value       Value

 Ordinary Shares           86.96       86.96       10p         10p
                         million     million

                                      Number  Exercise      Expiry
                                                 Price        Date

 Options                           4,000,000       18p    11/12/04
                                     100,000       18p     4/02/09
                                     390,000       18p     3/06/09
                                      30,000       18p     9/06/09