BHP rises; Macquarie sees higher WAIO shipments amid mixed Q4
** Shares of BHP Group BHP.AX rise 0.9% to A$43.56, hitting their highest since mid-June
** Analysts at Macquarie expect the miner to deliver mixed output results for Q4 FY24
** Brokerage expects BHP's Western Australia Iron Ore (WAIO) operations to record Q4 shipments of 78.7 million tons (mt), compared to 68.1 mt in the last quarter
** Brokerage forecasts co's FY24 iron ore shipments at 291 mt, while BHP expects to ship between 282 mt and 294 mt
** However, it expects co to miss market consensus estimates for Q4 metallurgical coal production amid depleted inventory positions
** Australian mining stocks .AXMM up as much as 1.1% to hit their highest level since June 17
** BHP stock has fallen 14.4% this year, as of last close
Reporting by Rishav Chatterjee in Bengaluru
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