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.

Australian gold miner has agreed to pay £127million to the Mali government to settle a tax dispute that led to the arrest of the firm’s British boss.Resolute Mining has handed over £63million in the first step towards securing the release of its chief executive Terry Holohan and two other senior managers,

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.

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

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.

A London-listed gold mining company has agreed to pay Mali’s military government $160m (£126m) after its British boss was detained by authorities. Resolute Mining has signed a deal to settle all claims linked to taxes and the operation of its Malian mine following a dispute with authorities in the West African country.

Resolute Mining CEO Terence Holohan and two others were detained in Bamako on Nov. 8 as they were visiting the country for talks over an unspecified dispute