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.

Mali, ruled by a military junta allied with Russia, last year adopted new mining rules designed to allow the government a greater share in its mineral riches; it also has been seeking more money from Barrick Gold, which paid officials $85M last month in ongoing negotiations.

The company has paid $80m (A$122.97m) to the government from cash reserves, with another $80m over the coming months.

ASX- and LSE-listed Resolute Mining has confirmed that its CEO Terence Holohan and two other employees have left Mali after finally being released from detention. "All three employees are safe and well,

Australia's Resolute Mining said on Monday that it would pay $160-million to Mali's government to help resolve a tax dispute after the West African country detained its CEO Terence Holohan and two other employees this month.

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.

Chief Executive Terence Holohan and two other employees have been detained by government officials in Mali, where the Australian company runs gold-mining operations.

Resolute Mining Ltd. will pay the Mali government about $160 million as it seeks to reolve a tax dispute that’s seens its chief executive officer detained.

Australia's Resolute Mining announced on Thursday that the Malian government released its CEO, Terence Holohan, and two other employees after they were detained earlier this month. ・Resolute Mining CEO and two other employees have been released by Malian government after detainment,