Three Resolute Mining Ltd. executives, including managing director Terry Holohan, have been arrested in Mali on allegations of forgery and damage to public property. These arrests occur in the context of increasing scrutiny of foreign mining firms as Mali’s military government seeks greater control over the sector.
Three executives from Resolute Mining Ltd., an Australian gold mining company, have been detained by police in Bamako, Mali, for questioning related to alleged forgery and damage to public property. Among those arrested is Terry Holohan, the managing director of Resolute Mining. These arrests, confirmed by a source from the Malian Justice Ministry, stem from ongoing investigations into actions that allegedly compromised public resources. Despite the serious accusations, a company representative has denied the charges.
Resolute Mining holds an 80% stake in the Syama gold mine, which is located in southwestern Mali. This arrest coincides with a broader pattern of increasing scrutiny and legal action against foreign mining companies operating in the country, as the military regime seeks to assert control and ensure a fair distribution of mining revenues. The tightening of regulations has also been seen in the case of Barrick Gold, whose employees were previously detained amid allegations of unmet agreements with the government.
The detention of Resolute Mining executives highlights the heightened regulatory environment for foreign companies in Mali’s mining sector, driven by the military government’s commitment to a more equitable distribution of mining profits. This situation illustrates the challenges faced by foreign investors amid rising tensions and evolving relationships between Mali and its international partners, particularly as the junta shifts its alliances towards nations like Russia.
Original Source: www.aa.com.tr
