Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
South Africa’s Anglo American Platinum Ltd (Amplats) said on Thursday its fourth-quarter platinum group metals (PGM) production fell 7% versus a year earlier.
PGM production fell to 1,076,100 ounces for the quarter that ended Dec. 31, the company said, noting many employees could not get to work due to local community unrest and “minor operational issues” at one of its mines.
PGM sales by volume from production fell 47% to 754,300 ounces, driven by lower refined production but partially offset by a drawdown of refined inventory, the company said.
(By Promit Mukherjee; Editing by Jason Neely)
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