Market Chatter: Barrick Mining Resolves Labor Dispute at Mali Gold Complex

MT newswire2026/09/28 07:43

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03:43 AM EDT, 09/28/2026 (MT Newswires) -- Barrick Mining (B) has resolved a strike threat at its Loulo-Gounkoto gold complex in Mali after reaching an agreement with unions on outstanding labor issues, Bloomberg reported Sunday. The unions had threatened strikes over overtime payments, expense reimbursements and other labor matters, the report said. The resolution comes after a prolonged dispute between Barrick Mining and Mali's ruling junta that led to the suspension of operations in January 2025 and a subsequent settlement with the government, according to the report. The complex produced about 190,000 ounces of gold in H1, the report said. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)

路透社•2026/10/09 02:16