Resolute Mining CEO Detained in Mali Amid $162 Million Tax Dispute

Mali's military junta demands a substantial tax settlement from Resolute Mining, escalating tensions with foreign gold producers.

Resolute Mining's CEO, Terry Holohan, and two colleagues are detained in Bamako during talks with Mali's tax and mining authorities.
The Malian government is demanding $162 million from Resolute Mining, citing alleged back taxes and financial discrepancies.
Resolute's shares have plummeted, leading to a trading halt on the Australian Securities Exchange as the company seeks resolution.
Mali's recent mining code changes have increased government pressure on foreign mining companies to renegotiate terms for greater national revenue.
Other mining giants like Barrick Gold and B2Gold are also facing financial demands from Mali, reflecting broader industry tensions.