Resolute Shares Suspended as Mali Demands $160 Million
- CEO Holohan and colleagues have been held since late last week
- Gold miner halted trading after 40% price plunge since Monday
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Resolute Mining Ltd. shares were suspended as 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, it said in an exchange filing Thursday. The stock fell 6.4% during the trading session and has tumbled 40% since news of the detention of CEO Terry Holohan, along with two colleagues, became public at the weekend.