Australia's Resolute Mining said Monday it has struck a $160 million deal with the government of Mali, after the company's CEO and two other executives were unexpectedly detained.

Three executives from Perth-based mining company Resolute Mining detained in Africa have not been harmed and are "being looked after," according to WA Premier Roger Cook.

(Alliance News) - Resolute Mining Ltd shares were suspended from trading in Sydney on Thursday, with its chief executive officer still detained in Mali over a tax dispute with the government. Resolute Mining's stock fell 20% to 18.35 pence on Thursday in London, and has lost 46% over the last five days.

Australia’s Resolute Mining says it will $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other employees were detained in the West Africa

Three executives of the Australian company Resolute Mining were arrested this month. Mali, a major African gold producer, has been trying to increase its share of mining profits lately.

An Australian mining company, Resolute Mining, says it will pay Mali's military government $160m (£126m) to settle a tax dispute, after the company's British boss and two other staff were unexpectedly detained 10 days ago.

Australia’s Resolute Mining said Monday it would pay $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other executives were detained in the West African country.