Cash-starved Russian ally detains Australian miner's staff in tax raid

Spats with foreign mining companies have coincided with a sharp rise in global gold prices. (Image: 123RF)

Thu, 21 Nov 2024

Mali’s Russia-allied military Government has found a new tactic to wrest more revenue from Western mining companies: detain their employees. Australia's Resolute Mining, which owns a gold mine in Mali, this week agreed to pay the Malian Government a total of US$160 million (NZ$270.6m) just over a week after authorities in the West African nation detained the company’s chief executive and two other employees. Resolute didn’t specify the purpose of the payments, but said they would settle any outstanding claims related...

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