Resolute Mining has confirmed three of its executive employees have been detained in Africa.
The boss of a Perth-based mining company who has been detained in Africa has not been harmed.
The African-focused gold miner has confirmed three of its executive employees, have been detained in Mali by government officials.
Resolute Mining said the executives were in Mali’s capital Bamako to hold discussions with mining and tax authorities regarding Resolute’s “in-country business practices, and to progress open claims made against Resolute, which the company maintains are unsubstantiated”.
“Following the conclusion of these meetings the three employees were unexpectedly detained,” Resolute said in a statement to the ASX.
Resolute’s priority remains the safety and wellbeing of its employees.
The company is in regular communication with the three detained employees who remain held at the Economic and Financial Centre of Bamako.”
Resolute Mining has an 80 per cent stake in the Syama Gold Mine.
It does underpin and underscore just how risky these jurisdictions are when it comes to undertaking these industries
This is a very concerning issue for both Resolute and obviously family.
Resolute Mining
Stock price: (ASX) $0.42 AUD
Date founded: 2001
Headquarters: Australia
Resolute Mining’s stocks plunged more than 28 per cent after the company publicly confirmed the news.
Mali
Mali, officially the Republic of Mali, is a landlocked country in West Africa. It is the eighth-largest country in Africa, with an area of over 1,241,238 square kilometres.
Capital: Bamako
Official languages: Bambara, Soninke language, Fula, Hassaniya
Currency: West African CFA franc
Population: 23.29 million (2023)
Government: Republic, Unitary state, Semi-presidential system
Mali produces the third highest amount of gold in Africa, making it the country’s main export product.
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