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.

Resolute Mining (OTCPK:RMGGF) (OTCPK:RMGGY) said Thursday its CEO Terence Holohan and two other employees, who were detained by the Mali government earlier this month, have been released from the country.

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,

In a bid to free three of its executives who have been detained in Mali over a tax dispute, Resolute Mining agrees to pay $US160 million ($242 million) to the African country's government.

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

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. said Chief Executive Officer Terry Holohan and two other employees have been released from detention in Mali, just days after the gold mining company agreed to pay about $160 million to resolve a tax dispute with the government.

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,