MINING.COM EV Metal Index drops to 28-month low

Suncor, Canada's dominant oil sands player, telling COS shareholders the firm has a record of “underperformance, financial challenges,” and vulnerability to low oil prices.

The move would help the miner meet its ambitious target for reducing its $13 billion debt by $3 billion before year-end.

With Japan finally restarting some of its nuclear reactor fleet (two reactors have come online since August) and China continuing its breakneck reactor build-out (with 29 reactors in operation and 22 under construction), the one commodity in the natural resource space that is actually carrying some positive fundamentals today is uranium.

Weighing in after last month's failed merger.

222 Tasiast employees let go in September.

Construction of the gold mine, located in the south-central Kayseri province, should start in early 2016, followed by production by mid-2017.

The gloomy outlook comes as the International Energy Agency predicts crude oil won't reach $80 a barrel until at least the end of the decade.

"Open-pit mines are wounds we’ve inflicted, and the wonderment they excite easily becomes tinged with pangs of remorse or dread."

Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.