Resolute Mining Executives Released from Mali After $160M Tax Settlement

The Australian mining company resolved a tax dispute with Mali's government, securing the release of three detained British executives.

Resolute Mining CEO Terence Holohan and two other British executives were detained in Mali earlier this month during discussions with tax and mining authorities.
The executives were released after the company agreed to a $160 million settlement to resolve tax, customs, and other financial disputes with the Malian government.
The settlement includes an initial $80 million payment, with further installments expected in the coming months, using the company's existing liquidity sources.
The arrests highlight growing tensions between Mali's military junta and foreign mining companies, as the government seeks greater stakes and revenue from the mining sector.
Resolute Mining operates the Syama goldmine in Mali, its largest asset, where the government already holds a 20% stake.