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,

Chief Executive Terence Holohan and two other employees have been detained by government officials in Mali, where the Australian company runs gold-mining operations.

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,