Australia’s Resolute Mining said Monday it would pay $160-million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two employees were detained in the West African country.
Andrew Wray, the company’s non-executive chairman, said in a statement published on Resolute Mining’s website that all claims against the company made by Malian authorities, “including those related to tax, customs levies, maintenance and management of offshore accounts” are settled. Resolute said the company’s CEO and two employees were “safe and well,” and that it was working with Mali’s authorities for their release.
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