Supervisors at Escondida copper mine fail to reach labor deal

Nickel is trading at seven year low.

A miserable $400 million down from a high of $4.6 billion in 2012.

The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).

The investigation aims to determine whether senior officials tried extorting Freeport’s Indonesian unit in return for letting the company continue to operate in the country.

Sure there is risk, as Curran explains in this interview with The Gold Report, but the reward could come via either a takeover bid by an established producer seeking to lower its overall costs or by supporting these companies as they transition into emerging producers.

The value of reserves at the world's largest mines drop after copper price takes another hit.

With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.

Year to date gold is one of the better performers, but rhodium comes off worst.