In a bid to free three of its executives who have been detained in Mali over a tax dispute, Resolute Mining agrees to pay $US160 million ($242 million) to the African country's government.
Resolute's CEO Terence Holohan is among three executives being held captive by the Mali government under its president Assimi Goita .Perth-based Resolute Mining says it will pay the money in two tranches to Mali 's government after the company's CEO and two other executives were detained in the nation's capital.
The Australian mining company whose executives have been detained in Africa over a tax dispute have agreed to pay $US160 million in a bid to free them. 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.Supplied: Resolute MiningThe 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.
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