Resolute Mining sheds $500m as executives detained

Original article by Brad Thompson
The Australian – Page: 13 & 16 : 12-Nov-24

Shares in Resolute Mining closed 32.8 per cent lower at $0.45 on Monday, after CEO Terry Holohan and two employees were detained by the Mali government. The listed gold miner has indicated that they were in Mali for talks with mining and tax authorities, and they were unexpectedly detained by the military junta’s anti-corruption and financial crime unit on Friday. Resolute is the major stakeholder in the Syama gold mine, but the Mali government is seeking to acquire stakes of up to 30 per cent in resources projects via a proposed new mining code.

CORPORATES
RESOLUTE MINING LIMITED – ASX RSG

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