Resolute Mining's CEO and Two Executives Released by Mali Government

Australia’s Resolute Mining said on Thursday its CEO Terence Holohan and two other employees, who were detained by the Mali government earlier this month, have been released from the country.

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.

Resolute 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.

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