The Mali government is demanding a $162 million tax settlement from Resolute Mining, causing tensions with foreign mining companies and impacting the global gold supply.The Mali government demands $162M tax settlement from Resolute Mining,

Trading in Resolute Mining ( OTCPK:RMGGF) ( OTCPK:RMGGY) was suspended in Australia on Thursday as Mali's government demanded the company pay more than $160M to resolve a tax dispute that has resulted in the arrest of CEO Terence Holohan.

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,

Mali is pressing Resolute Mining Ltd. for a $160 million settlement in a tax dispute, following the detention of the Australian gold company’s CEO, sources say. ・Mali is seeking a $160 million settlement from Resolute Mining Ltd.

Terry Holohan, chief executive officer of Australian gold miner Resolute Mining Ltd., has been detained by the military-controlled government of Mali in West Africa, according to people with knowledge of the matter.

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,

Shares in Australia’s Resolute Mining Ltd. plunged more than 30% on Monday after the gold producer confirmed Chief Executive Officer Terry Holohan and two other employees were unexpectedly detained in Mali late last week.