** Analysts at Macquarie say combined
shipments for Australian mining trio Rio Tinto RIO.AX, BHP BHP.AX,
and Fortescue FMG.AX were hit by poor weather and planned
maintenance activity
** Shares in RIO,
BHP, and FMG down 1.4%, 0.9%, and 0.6%, respectively
** Says combined
shipments for the three mining majors had a slow start to CY24 following a
strong finish to December 2023
** Expects RIO to
enter a maintenance-heavy quarter after a strong push for its December year-end
** Says shipping
rates from smaller ports in Western Australia in the first quarter to date were
also soft at 85 million tonnes per annum
** Shares are moving
in tandem with a 1% drop in the broader mining sub-index .AXMM
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