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Australian mining company to pay Mali junta $246 million after its CEO and two employees were detained

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Australia's Resolute Mining said on Monday it would pay $US160 million ($AU246 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.

Australia's Resolute Mining said on Monday it would pay $US160 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

The company will pay Mali $US80 million from "existing cash reserves," with an additional payment of $US80 million in the "coming months," he added.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. It holds an 80 per cent stake in the mine, while the Malian government holds the remaining 20 per cent.FILE - Leader of Mali's ruling junta Lt. Col. Assimi Goita, center, attends an Independence Day military parade in Bamako, Mali, on Sept. 22, 2022.

 

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