Mali Demands $162 Million From Resolution, Trading Suspended
Mali's military government is demanding a $162 million tax settlement from Australia's Resolute Mining (OTC:RMGGY) following the detention of its CEO, Terry Holohan, during a visit to the country. Holohan was detained in Bamako, Mali's capital, along with two colleagues after attending meetings with tax and mining authorities. This action has escalated tensions between the country's military junta and foreign mining companies, a crucial source of tax revenue. After shares fell more than 40%, the