/ 18 November 2000

GHANA TARGETS BARNEX MINING RIGHTS

MINERALS explorer Barnato Exploration Ltd (Barnex) said this week the government of Ghana was seeking to abrogate the company’s mining rights in the West African country. Barnex was negotiating the sale of its gold mining assets in Ghana, specifically a 90% interest in subsidiary Barnex Prestea to Denver-based Golden Star Resources. It said the government had begun discussions with the company regarding compensation. Golden Star said it had agreed to extend the deadline for a definitive agreement with Barnex until November 17. – Reuters