Australia – ABC, November 18, 2024
The Australian mining company whose executives have been detained in Africa over a tax dispute have agreed to pay $US160 million ($242 million) in a bid to free them.
Perth-based Resolute Mining have said they will pay the sum to Mali’s government, which is holding three of its executives captive in the nation’s capital, including CEO Terry Holohan.
In a statement to the ASX on Monday morning, Resolute said the payment was part of an agreement regarding the miner’s operations in Mali.
The miner said last week three of its executives had been “unexpectedly detained” following discussions with mining and tax authorities regarding Resolute’s “in-country business practices.”
