Art and culture

Resolute Mining confirms CEO Terry Holohan held by Mali’s military junta

An Agency France Press report, citing a judiciary source, had earlier said the Resolute executives had been arrested on Friday in Bamako and that they had been subsequently detained by a specialised anti-corruption and financial crime unit.

AFP also reported, citing a Resolute executive speaking on the condition of anonymity, that the executives were being questioned over suspicions of providing false evidence and misappropriation of public goods. Efforts to convince the Malian authorities the claims against it are unsubstantiated have failed so far.

Resolute on Monday said its executives had been in Bamako holding discussions with mining and tax authorities about its Mali business and claims made against the company.

After the meetings finished, the three employees were unexpectedly detained.

“Resolute has followed all official processes with respect to its affairs and has provided the authorities with detailed responses to all the claims made,” it said.

Mali’s constitutional democracy was overthrown in 2012 after a military coup. Another coup d’etat in 2021 installed vice president Assimi Goita, who is the country’s current ruler.

Leader of Mali’s ruling junta, Lieutenant Colonel Assimi Goita (centre), attends a military parade in Bamako, Mali in 2022.Credit: AP

The executives were receiving support on the ground from Britain and international embassies and consulates, the company said.

Holohan, who joined Resolute in 2021 as chief operating officer, was promoted to chief executive and managing director in 2022.

The detention of Resolute’s executives follows a number of recent arrests targeting employees of fellow gold miner Barrick Gold, by the military government, which staged a coup in 2020.

Four Barrick employees were arrested in September for alleged financial crimes. They were released in October as the Canadian miner agreed to resolve existing claims and disputes between it and the Malian government.

Gold is Mali’s major export, contributing to a quarter of the national budget and three-quarters of the country’s export earnings. The mining sector is dominated by foreign groups, including Barrick and B2Gold and Britain’s Hummingbird Resources.

Last year, Mali’s military-led government signed into law a new mining code designed to increase local ownership of gold mining facilities and to raise the revenue it derives from them.

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