Resolute Mining chief and colleagues held as junta want greater share of gold producers’ profits
The detention in Mali of an international mining boss and two of his colleagues has raised alarm across the industry about growing personal risks for executives in the gold-rich west African nation. Resolute Mining’s chief executive Terry Holohan was detained on Friday in Bamako along with two other employees of the Australian gold producer.
Other companies operating in Mali that have not yet concluded the negotiation process include London-listed gold producer Hummingbird Resources, which is undergoing restructuring, and Cora Gold, which has not yet applied for a mine permit on its prospective gold asset.
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