The tax dispute that prompted a West African military junta to detain three Resolute Mining executives has wiped almost $500 million from the Australian-headquartered gold miner’s market value.
Authorities in the military-led government of Mali are holding Terry Holohan, chief executive of Perth-based Resolute, and two other staff after a meeting on Friday in the capital, Bamako.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
