Resolute Mining Ltd. halted 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.

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.

CEO Terry Holohan, along with two other company executives have been detained by the military-led government in Mali. What Happened: The executives traveled to Bamako, Mali's capital, for meetings with local mining and tax authorities to address concerns over the company's in-country practices.