Australia's Resolute Mining said Monday it has struck a $160 million deal with the government of Mali, after its chief executive and two other employees were detained while in Bamako.

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.

Resolute Mining said it is continuing to negotiate the release of three detained employees, including CEO Terence Holohan, after signing a protocol with the Malian government for further discussions ...