Yes higher Far East oil price impacts tolling disproportionally. Oil / DFO is becoming less linked to milling costs in larger processing plants where gas power generation is in place, as such long-term gas supply contracts are rarely linked to oil prices in WA (unlike VIC). There remains the DFO for trucks and haulage, and where tolling is involved, obviously this is a proportionally large cost that goes to the ore providers account only.
HRZ Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
