Mali is seeking around $160 million from Resolute Mining Ltd. to resolve a tax dispute that arose after the detention of the company's CEO, Terry Holohan, and two colleagues in Bamako.
The executives were apprehended following Holohan's visit to the capital for discussions with the nation's tax and mining authorities. This incident highlights the growing pressure exerted by Mali's military government on mining companies to reevaluate their economic agreements.
Mali, being the third-largest gold producer in Africa, could potentially impact foreign investment in the mining sector of the region.