Avocet Mining PLC - Holding in Company

RNS No 8554e
AVOCET MINING PLC

                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

AVOCET MINING PLC


2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

ELLIOTT ASSOCIATES LP


3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

SHAREHOLDER IN 2

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

VIDACOS NOMINEES

5)  Number of shares/amount of stock acquired.

350,000

6)  (0.98%) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

ORD

10) Date of transaction

14/1/98
15/1/98

11) Date company informed

16/1/98

12) Total holding following this notification

6,682,466

13) Total percentage holding of issued class following this notification

18.7%

14) Any additional information

N/A

15) Name of contact and telephone number for queries

ALAN FRASER
0171  834  1811

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification.....19/1/98


END


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