In a bid to free three of its executives who have been detained in Mali over a tax dispute, Resolute Mining agrees to pay $US160 million ($242 million) to the African country's government.

Resolute Mining will pay $160m in two payments to the Mali government as it strives to get its chief executive, Terry Holohan, and two other executives

Resolute Mining Ltd. halted trading after Mali demanded the Australian gold miner pay about $160 million to resolve a tax dispute that’s seen its chief executive officer detained.

CEO Terry Holohan, along with two other company executives have been detained by the military-led government in Mali. What Happened: The executives traveled to Bamako, Mali's capital, for meetings with local mining and tax authorities to address concerns over the company's in-country practices.

Australia’s Resolute Mining says it will $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other executives were detained in the West Afric

An Australian mining company, Resolute Mining, says it will pay Mali's military government $160m (£126m) to settle a tax dispute, after the company's British boss and two other staff were unexpectedly detained 10 days ago.

Resolute Mining Ltd. will pay the Mali government about $160 million as it seeks to resolve a tax dispute that’s seen its chief executive officer detained for more than a week.