Australia’s Mining Firm CEO, Two Others Released By Mali’s Govt

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Australia’s Resolute Mining company (RSG.AX) on Thursday said its CEO Terence Holohan and two other employees, who were detained by the Mali government have been released.

Resolute’s CEO and two executives were detained in Mali’s capital, Bamako, to hold discussions with mining and tax authorities regarding general activities related to the company’s business practices, it said earlier this month.

The miner had also agreed to pay $160 million to the Mali government earlier this week to help resolve the tax dispute.

The mining firm said Holohan and the other two employees were released from the Economic and Financial Centre of Bamako, and “all three employees are safe and well and have departed the country”, according to its statement.