Resolute Mining CEO Detained in Mali, Shares Plummet
TL;DR
Resolute Mining's shares plummeted by 33% after its CEO was detained in Mali amid the military government's push for a larger share of resource revenues. The detention occurred during discussions about the Syama gold mine, as Mali seeks to renegotiate mining contracts following a 2020 coup. This move is part of a broader trend in West Africa, where countries are asserting more control over mineral production. Resolute is working towards a settlement to ensure the safety of its employees and the future of its operations.
- Resolute Slumps After Mali Detains CEO in Spat Over Gold Revenue Yahoo Finance
- Australia's Resolute Mining confirms CEO and two other employees detained in Mali Reuters
- Australian gold miner’s shares plunge after chief executive detained in Mali Financial Times
- Australia’s Resolute Mining CEO, Executives Detained in Mali Bloomberg
- Resolute CEO detention in Mali comes amid West Africa mining squeeze MINING.com
Want the full story? Read the original reporting
Read on Yahoo Finance