Source: ABC News
“Australia’s Resolute Mining said Monday it would pay $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two employees were detained in the West African country. Earlier this month, the Australian gold mining company’s CEO Terence Holohan and the two others were detained in Mali’s capital Bamako on Nov. 8 as they were visiting the country for talks over an unspecified dispute. The government did not say why they were detained. Andrew Wray, the company’s non-executive chairman, said in a statement published on Resolute Mining’s website that all claims against the company made by Malian authorities, ‘including those related to tax, customs levies, maintenance and management of offshore accounts’ are settled.” (11/18/24)