Mali Secures $160M Settlement in Gold Mining Dispute with Australian Firm
TL;DR
Australian mining company Resolute Mining has agreed to pay Mali's military government $160 million to settle a tax dispute after the company's British CEO and two other staff were detained. The payment will be made in installments, with $80 million paid immediately. The detentions are part of Mali's broader efforts to increase its share of income from foreign mining operations, following a coup in 2021 and a new mining code that allows greater state and local investment.
- Mali wins $160m in gold mining dispute after detaining British businessman BBC.com
- Resolute Mining agrees to pay $160 million to Mali as CEO, employees remain detained Reuters
- Australian mine company to pay Mali junta $160 million after its CEO and 2 employees were detained ABC News
- Australian gold miner to pay Mali $160mn over tax dispute Financial Times
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