Last portion of settlement to be paid next month
Resolute Mining has made a second "settlement payment" of about US$50 million to the Government of Mali, with another $30 million "anticipated" to be paid in the next month.Upon the final instalment, Resolute will have paid US$160 million to settle claims relating to tax, custom levies and other financial issues.
Resolute's managing director Terry Holohan and two other Resolute employees were detained earlier this month, resulting in the $160 million payment now being made.Where to now for Resolute is the big question.The company said today it "remains focused on securing the long-term future of, and creating certainty for, the Syama gold mine and its expansion plans … committed to working collaboratively with the Malian Government".
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