Resolute Mining Shares Tumble as CEO Detained in Mali
Shares of Resolute Mining fell over 30% after its CEO and two employees were detained in Mali amid disputes over tax claims exceeding $100 million. The Malian government is pressuring mining companies to renegotiate contracts, following a 2022 audit and new mining code aimed at increasing state revenue. This incident highlights the growing tensions between mining firms and the military-led government in Mali, which has been taking a tougher stance on foreign mining operations.