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,

Resolute Mining has inked an agreement to hand over the money to ensure the release of its chief executive and two staff being held by Mali’s military junta.

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.