Resolute Mining Ltd. said Chief Executive Officer Terry Holohan and two other employees have been released from detention in Mali, just days after the gold mining company agreed to pay about $160 million to resolve a tax dispute with the government.

Three Resolute Mining workers — including chief executive Terry Holohan — have been freed by the ruling military junta in Mail after the gold producer stumped up a massive tax demand.

RESOLUTE Mining said on Thursday its CEO Terry Holohan and two other employees had been released from the Economic and Financial Centre of Bamako, in Mali. This ends a 10-day ordeal for Holohan and his colleagues who were detained by Mali government officials on November 10 following negotiations around tax claims Resolute said at the

Resolute Mining chief executive Terry Holohan and two colleagues have been released from detention in Mali after the company agreed to pay the military junta that runs the West African nation almost $250m.

The three executives, including chief executive officer Terry Holohan, were freed from detention on Wednesday after Resolute struck a $160 million deal with the government, according to the report. The release came after the signing of a memorandum of understanding between the two parties, it added, citing the judicial source.

The Mali military administration has released three executives of an Australian mining firm arrested earlier this month, officials confirmed to Anadolu. Alexandre Goita, special adviser at Mali’s Mining Ministry, said Resolute Mining Ltd.'s Managing Director Terry Holohan and two other employees had been set free on Thursday.

The miner said its chief executive and two employees have been released from detention in Mali, ending a standoff that raised concerns about a resurgence in resource nationalism as gold prices hover near record highs.

Resolute Mining (OTCPK:RMGGF) (OTCPK:RMGGY) said Thursday its CEO Terence Holohan and two other employees, who were detained by the Mali government earlier this month, have been released from the country.