Barrick Gold Corp. Chief Executive Officer Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected.

TERRY Holohan, CEO of Resolute Mining, announced he will leave the company just two months after being released from detainment by the Mali government. The UK-listed gold miner said in a statement on Monday Holohan’s departure will be with immediate effect.

Barrick and Mali’s military rulers are locked in a standoff over the distribution of revenue from the Loulo-Gounkoto mine complex.

Resolute Mining Ltd slumped following the resignation of Chief Executive Officer Terry Holohan, who was detained in Mali during a dispute with the country’s military junta last year.

The chief executive of Anglo-American gold miner Resolute Mining, who was temporarily detained in Mali last year, has resigned, the company said on Monday. Terry Holohan and two other Resolute employees were detained in Bamako,

Terry Holohan (pictured 'is leaving his position as chief exec' of Resolute Mining 'with immediate effect', the London-listed company said.