Resolute Mining Ltd. suspended 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.

Resolute Mining (ASX:RSG,LSE:RSG) confirmed on Monday (November 11) that its CEO Terence Holohan and two company executives have been detained in Mali, West Africa, following weekend news articles on the detention.

Resolute Mining suspended 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. The company’s shares in Sydney were suspended pending an announcement,

Gold producer Resolute Mining has halted trading in its shares in Sydney pending a company announcement after last week’s detention of its chief executive, Terry Holohan, in Mali. Holohan and two other Resolute employees were detained in Bamako,

Resolute Mining offers compelling risk/reward with strong cash flow from Mali operations & potential for diversification.

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