• China’s biggest stimulus package since the start of the pandemic may have ended the blistering rally in Australia’s biggest banks (AFR)

• Oil prices were little changed on Wednesday as investors reassessed the ability of China's stimulus plans (Reuters)

• Fund managers are selling out of Woodside following their US acquisitions (AFR) “they haven’t put themselves in a position where they can buy back shares”

• Inflation hits three-year low of 2.7pc, but rate cuts remain distant (AFR)

• The Takeovers Panel elected not to get involved in a dispute between minority shareholders Packer & Co + Zentree and Rio over ERA’s raising (West)

• Fortescue operatives drafted and suggested a quote of praise from Rio’s Jakob Stausholm, which was not approved before being sent to journos yesterday (AFR)

• Rooftop solar is set to have larger capacity in Australia than coal by end of 2024 (Australian)

• Kamala Harris vowed to create a national stockpile of critical minerals (Blomberg)

• Trafigura signals new era as its gas and power boss ascends to chief executive (FT)

• Miners soar on ASX after China stimulus package (CB)

• Italy’s industry minister said the “Green Deal” EU ban on the sale of new combustion engine cars after 2035 had created a “grave crisis” for EU carmakers (FT)

• Bannerman has extended the window for FID at Etango into 2025 (BN)

• Delta Lithium has hired Bell Potter to conduct a “strategic review” of its Mt Ida gold project (AFR) curious headline choice “Rinehart-backed” instead of “Ellison-chaired”..

• The transaction to establish a joint venture between Astron’s and Energy Fuels to fund the Donlald project has completed (ATR)

• Calidus has launched a $170 million placement via Petra at 1 cps, a 91% discount to the gold miner’s last traded share price before receivers were called in (AFR)

• Magnetic Resources is in a trading halt, raising up to $12 million

• Firefly Metals has wrapped up its $65 million placement (FFM) to fund another 100km of resource drilling at their Green Bay copper-gold project in Canada

• Highfield completed the unconditional component of its institutional placement (US$6 million to EMR Capital) (HFR)

• Pacgold just completed a $4.1 million placement to ramp up exploration at Alice River gold project (PGO)

• The announcement that Delta Lithium will look to offload its Mt Ida gold project is pretty interesting to us for a few reasons. The market isn’t short of scepticism about the ability to achieve adequate recoveries from the ore body

• The play we find somewhat interesting is the existence of the privately owned, brand new gold plant around the corner from the deposit. It’s owned by Aurenne Group which is challenging to find decent information but think the ownership links to an ex hedge-fund guy (not mining people…)

• And their website is worth reading but it raises more questions than it answers

• If you’re curious about the unique dual-listed nature of Rio Tinto, this 3-pager reveals the fascinating history. 2 companies, 2 sets of shareholders, 1 set of directors

• The Chinese iron ore cost of production (Kingsley Jones)

• In China, resentment between classes is bubbling over (Economist)

• Fortescue puts words in Rio’s mouth (AFR’s Rear Window)

• Australia’s 10 most powerful business leaders in 2024 (AFR) 4 mining execs make the cut

• ASX200 index concentration: great when it works, terrible when it reverts (Matt Fist)

• Is all that glitters gold? (Tom Stevenson)

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