The Australian miner agreed to settle a tax dispute as it seeks to secure the release of its chief executive and two other employees detained in the West African country.

Resolute Mining has reached a deal with Mali's military junta to pay $160 million in back taxes to secure the release of its CEO.

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.