Mali Secures $160M Settlement in Gold Mining Dispute with Australian Firm

Australian mining company Resolute Mining has agreed to pay Mali's military government $160 million to settle a tax dispute after the company's British CEO and two other staff were detained. The payment will be made in installments, with $80 million paid immediately. The detentions are part of Mali's broader efforts to increase its share of income from foreign mining operations, following a coup in 2021 and a new mining code that allows greater state and local investment.