Batu Hijau parent company NNT fights new local govt. mining tax

The three executives, including CEO Terry Holohan, were freed from detention on Wednesday.

The billionaire was charged with participating in a scheme that involved paying more than $250 million in bribes to Indian government officials.

The resource is "one of the highest-grade open-pit gold resources in Canada owned by an exploration company," its CEO says.

Over the next five years, the South Korean government is expected to invest C$20 million towards the project.