Platinum mining giant says South Africa running out of time

Rick has seen too many cycles to answer a question like that.

The Vancouver-based miner estimates that Kamoa, discovered in 2007, holds the equivalent of at least 45 million tonnes of pure copper.

True Gold Mining's low cost Karma project in West Africa is ahead of schedule.

Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.

State-run Coal India is looking to acquire mines to feed its expanding steel industry.

The mine produced 526,627 ounces in its first full year of operation in 2014, and was expected to yield 600,000 ounces this year.

According to research house Wood Mackenzie, the need for investment is becoming desperate in zinc and lead and will be a major issue in the copper sector in the next few years.

The dramatic fall in overall market capitalization reflects, according to PwC, the impact of the ongoing commodities rout and other challenges the local industry has faced in the last year.

African gold miner comes out on top.