Shares of Australian gold miner Resolute Mining plunged more than 30 per cent on Monday after the company said its chief executive Terence Holohan and two other employees had been detained in Mali.
The Resolute executives were in the capital Bamako to discuss with officials “open claims made against Resolute” that the group “maintains are unsubstantiated”, Resolute said on Monday.
In its 2022 financial report, the miner said it was contesting demands from Mali tax authorities for additional payments worth more than $100mn on taxes between 2015 and 2021.
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