Reported 14 days ago
Shares of Resolute Mining Ltd. fell more than 30% following the unexpected detention of its CEO and two employees in Mali. The company, which operates the Syama mine, was engaged in discussions with local authorities about tax and mining revenue amid Mali's heightened efforts to renegotiate contracts with foreign mining firms. Despite the setbacks, Resolute assured that its employees are safe and that it is maintaining communication with them while aiming for a resolution with the Malian government.
Source: YAHOO