And in other news, Resolute Mining chief Terry Holohan has stepped down just two months after he spent a fortnight being held by Mali’s military junta, forcing the company to hand over $247 million.
In a statement to the ASX on Monday, the gold miner confirmed it was negotiating a proposed settlement with Holohan to enable him to vacate the role immediately.
The move comes six weeks after the Australian-headquartered company confirmed Holohan would take a period of leave over the month of January.
Holohan was one of three employees who were detained in Bamako in mid-November after a meeting with mining and tax authorities regarding claims made against the company.
The detention followed the introduction of a new mining code by the military-led government to increase local ownership in an industry dominated by foreign companies and increase royalty revenue.
As the miner’s stock plunged, the company executed a deal to ensure the trio’s release, handing over more than $247 million and vowing to shift the company’s assets in the African country to the new code and settle all outstanding claims — including tax and custom levies.
Resolute holds an 80 per cent stake in the large-scale underground gold mine it operates in the country’s south-west, with the remaining 20 per cent held by the Mali government.
Acting chief executive Chris Eger will assume the role of chief executive.