Report for Quarter Ended 31 December 1999

Anglo Pacific Group PLC
28 January 2000


REPORT FOR THE QUARTER ENDED 31 DECEMBER 1999

MAIN OPERATIONS

1.   Gordon Resources - Coalmine Royalty Entitlements - Queensland

     The  Queensland  Government's legistlation to increase the  royalty  rate
     from  4%  to  7%  on  the  Company's  Coalmine  Royalty  Entitlements  in
     Queensland will become effective from 1st April 2000.

     (a)  Kestrel

     This mine is now working at normal production rates on our property,  and
     a full royalty is expected in the quarter to 31st March 2000.

     (b)  Crinum
     
     The  royalty received from the Crinum coalmine, operated by BHP, for  the
     quarter to 30th September 1999 was A$ 404,000 compared to A$ 372,000  for
     the quarter ended 30th June 1999.


2.   Minerals - Scotland.

     The  Group continues to look for new markets and joint ventures for these
     products.

Contact: 
 
Peter    Boycott                                          01259 754 700
Chairman   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 31 DECEMBER 2000
                                                     
                                            CURRENT     YEAR TO DATE
                                            QUARTER      (12 Months)
                                                     
                                              £'00m         £'00m
                                                     
CASHFLOWS RELATED TO OPERATING                                   
ACTIVITIES
                                                     
Receipts from product sales and related                          
debtors                                         1.3           5.8
                                                     
Payments for:                                                    
                                                     
exploration and evaluation                        -             -
                                                     
development                                       -             -
                                                     
production                                    (1.1)         (5.0)
                                                     
administration                                (0.3)         (1.1)
                                                     
Dividends received                                -             -
                                                     
Interest and other items of a similar                            
nature received                                   -             -
                                                     
Interest and other costs of finance paid      (0.1)         (0.4)
                                                     
Income taxes paid                                 -         (0.4)
                                                     
Other - Royalties received                      0.1           0.8
                                                     
NET OPERATING CASHFLOWS                       (0.1)         (0.3)
                                                     
CASHFLOWS RELATING TO INVESTING                                  
ACTIVITIES
                                                     
Payment for equity investments                    -         (0.1)
                                                     
Payment for purchases of other fixed          (0.3)         (1.2)
assets                                                           
                                                                 
Proceeds from sale of equity investments        0.4           0.5
                                                                 
                                                     
NET INVESTING CASHFLOWS                         0.1         (0.8)
                                                     

                                                                 
CASHFLOWS RELATED TO FINANCING
ACTIVITIES
                                                     
Cash proceeds share issue                         -           0.4
                                                     
Proceeds from borrowings                          -             -
                                                     
Repayment of borrowings                           -             -
                                                                 
Dividends paid                                    -         (0.1)
                                                   
                                                   
                                                     
NET FINANCING CASHFLOWS                           -           0.3
                                                     
NET (DECREASE) IN CASH HELD                       -         (0.8)
                                                     
Cash at beginning of quarter/year             (0.7)           0.1
                                                     
Exchange rate adjustments                         -             -
                                                     
CASH AT END OF QUARTER                        (0.7)         (0.7)



ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31 DECEMBER 1999

                                                       
                                                Amount     Amount
                                             Available       Used
                                                 £'000      £'000
                                                       
FINANCING FACILITIES AVAILABLE                                   
                                                       
Barclays Bank PLC - overdraft facility           1,160        735
                                                       
Barclays Bank PLC - Loan facility                3,750      3,750
                                                                 
ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER                      £ m
                                                       
Exploration and evaluation                                    Nil
                                                       
Development                                                   Nil
                                                       
RECONCILIATION OF CASH                         Current   Previous
                                               Quarter    Quarter
                                                 £'000      £'000
                                                       
Cash on hand and at bank                             2          1
                                                       
Deposits on call                                     -          -
                                                       
Bank overdraft                                   (735)      (685)
                                                       
Total cash at end of quarter                     (733)      (684)



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
                                  1,300,000      23.5P   13/10/06