The boss of an Ango-Australian gold miner has been ousted just months after being arrested in Mali.
Terry Holohan ‘is leaving his position as chief executive’ of Resolute Mining ‘with immediate effect’, the London-listed company said yesterday.
The British businessman and two other Resolute employees were detained in the country’s capital Bamako in November.
Resolute paid £127million to the military junta to settle a tax dispute and secure their release.
Tensions have been rising between authorities in the West African nation and mining firms.
The Malian regime, which took control after a coup in 2021, is seeking to extract more income from the gold mining sector.
Ousted:Terry Holohan ‘is leaving his position as chief exec of Resolute Mining ‘with immediate effect’, the London-listed company said
Executives at Resolute’s rival Barrick Gold were also detained in the country last year, forcing it to pay £67million.
Holohan took seven weeks leave in December and had been due to return to work this week. But yesterday the firm said he would not come back.
Resolute declined to provide any further details.
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