Reported 14 days ago
Resolute Mining Ltd. experienced its largest share drop since 2008, plummeting 32% after CEO Terry Holohan and two employees were detained by Mali's military government. The company, valued at over A$1 billion ($660 million), confirmed that it is maintaining communication with the detained staff while navigating increased pressures from the government regarding mining regulations and contract renegotiations aimed at boosting state revenue.
Source: YAHOO