The Mali government is demanding a $162 million tax settlement from Resolute Mining, causing tensions with foreign mining companies and impacting the global gold supply.The Mali government demands $162M tax settlement from Resolute Mining,

Trading in Resolute Mining ( OTCPK:RMGGF) ( OTCPK:RMGGY) was suspended in Australia on Thursday as Mali's government demanded the company pay more than $160M to resolve a tax dispute that has resulted in the arrest of CEO Terence Holohan.

Resolute Mining suspended trading after Mali demanded the Australian gold miner pay about $160-million to resolve a tax dispute that’s seen its chief executive officer detained. The company’s shares in Sydney were suspended pending an announcement,

Mali is pressing Resolute Mining Ltd. for a $160 million settlement in a tax dispute, following the detention of the Australian gold company’s CEO, sources say. ・Mali is seeking a $160 million settlement from Resolute Mining Ltd.

Chief Executive Terence Holohan and two other employees have been detained by government officials in Mali, where the Australian company runs gold-mining operations.

Terry Holohan, chief executive officer of Australian gold miner Resolute Mining Ltd., has been detained by the military-controlled government of Mali in West Africa, according to people with knowledge of the matter.

Gold producer Resolute Mining has halted trading in its shares in Sydney pending a company announcement after last week’s detention of its chief executive, Terry Holohan, in Mali. Holohan and two other Resolute employees were detained in Bamako,