Markets

Brazilian mining giant Vale has forced its CEO out, following weeks of rumours that the government was demanding change at the top of Latin America's largest non-state firm.

Vale director Tito Botelho Martins will be named the company's new chief executive, reports a local newspaper.

Those proposing nationalisation should leave ideology out of it and need to judge how efficient state-controlled companies are, says SA Reserve Bank governor Gill Marcus.

Pallinghurst Resources is getting things right at the operating levels of its various interests and its NAV is rising, but the share price is yet to reflect this.

Shares in Aquarius Platinum have tumbled amid Zimbabwe's plans to force companies to sell 51% of local assets to indigenous people.

Glencore, the global commodities trading giant, is moving forward with its listing on the Hong Kong stock exchange.

The department of mineral resources has been given two more weeks to test a new online system for prospecting and mineral rights says the mineral resources minister.

Vale's CEO Roger Agnelli says he is not involved in choosing who runs the Brazilian mining company, while local media reports that the company's shareholders have already agreed he will leave.

BHP Billiton has approved $9.5bn of capital investments to expand Australian iron ore and coal mining projects.

BHP Billiton says it will work with Australia's Labour government to ensure the mineral resources rent tax that is put in place matches the agreement that companies signed off on last year.