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Resolute CEO, two other employees leave Mali after release from detention

Resolute CEO Terence Holohan

Resolute CEO Terence Holohan

21st November 2024

By: Creamer Media Reporter

     

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ASX- and LSE-listed Resolute Mining has confirmed that its CEO Terence Holohan and two other employees have left Mali after finally being released from detention.

"All three employees are safe and well," the company says.

Holohan and his colleagues were detained by the Mali government on November 8, after they visited the country to hold talks with the local mining and tax authorities.

Following negotiations with the Mali government to resolve the tax dispute, Resolute on November 18 agreed to pay $160-million to the government, with an initial $80-million payment immediately made. The balance would be paid over the coming months.

Resolute's Syama gold mine, in Mali, is a significant contributor to the group's overall production.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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