Resolute Mining CEO, employees, released from Mali detention
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The news: ASX-listed gold miner Resolute Mining has confirmed that its three employees that were detained in Mali by government officials earlier this month, including CEO Terence Holohan, have been released.
The context: Resolute said that all three employees are safe and well and have departed the country.
Earlier this month, Resolute said the executives were "unexpectedly detained" in Mali's capital Bamako, after discussions with the country's mining and tax authorities regarding "general activities related to Resolute's in-country business practices".
Resolute, listed on the ASX and LSE and valued at under $1.5 billion, holds an 80% stake in the Syama gold mine, with the Malian government owning 20%.
On Monday, Resolute announced a new protocol with the Malian government regarding the future of the mining group's operations in Mali. As part of the protocol, Resolute made an initial settlement payment of USD80 million ($123.8 million) to the Malian government, with future payments of USD80 million to be made in the coming months.
The source: ASX announcement
