R/€ = 18.3034 Change: 0.0019
R/$ = 17.3544 Change: 0.1768
Au 1797.30 $/oz Change: 0.00
Pt 1028.50 $/oz Change: 0.00

Press Office - HUD Mining Supplies

HUD Mining Supplies

HUD Mining Supplies (Pty) Ltd was founded by David Huddy and started operating in 2005. David is the son of Mike Huddy, the CEO of the Huddy Group up to its sale in 2004, the company which was founded by Mike’s father Jack Huddy, in 1944.

This means we have a 65 plus year heritage as a manufacturer in the global diamond drilling industry.

In January 2008, HUD Engineering (Pty) Ltd was established and a new large manufacturing plant was equipped and started up. HUD Engineering manufacturers a wide range of products for HUD Mining, and has continuously grown in size and capacity since inception.




Canada's critical-mineral strategy aims to accelerate permitting

By: Reuters     9th December 2022 Canada will unveil a new strategy on Friday to ramp up production and processing of critical minerals vital to power electric vehicle (EV) batteries, according to a copy of the strategy paper seen by Reuters. The government will review the permitting process with a view to cut the time required... 

Golden Rim sets A$8.3m raising target

By: Esmarie Iannucci     9th December 2022 Gold explorer Golden Rim Resources is hoping to raise up to A$8.3-million through a share purchase plan and non-renounceable pro-rata entitlement offer to fund exploration work at its flagship Kada project, in Guinea. The ASX-listed junior has received firm commitments for the placement of... 

Cygnus raises cash for Canadian lithium hunt

By: Esmarie Iannucci     9th December 2022 Junior explorer Cygnus Gold will raise A$8-million to fund its lithium hunt in Canada. The ASX-listed company has received firm commitments for the placement of more than 18.18-million shares, at a price of 44c each, representing a discount of 10.2% to Cygnus’ last trading price. The shares will... 

Toro raises funds for Lake Maitland

By: Esmarie Iannucci     9th December 2022 Uranium developer Toro Energy will raise A$5-million through a share placement to fund further development work at the Lake Maitland project, in Western Australia. The company has received firm commitments for the placement of more than 461.5-million new shares, priced at 1.1c each from new and... 

Australian govt caps gas and coal prices

By: Esmarie Iannucci     9th December 2022 The federal government on Friday announced a temporary cap on both gas and coal prices as part of its Energy Price Relief Plan. Prime Minister Anthony Albanese said the urgent action being taken by the federal government, in partnership with state and territory governments, would shield... 

Extortion ‘mafia’ hits South Africa’s $55bn mining sector

By: Bloomberg     9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... 

Beach drops out of Warrego race

By: Esmarie Iannucci     9th December 2022 ASX-listed Beach Energy has withdrawn from the race for ownership of takeover target Warrego Energy, saying on Friday that it will not match the revised offer from Gina Rinehart’s Hancock Energy. Hancock Energy earlier this week increased its offer price from 23c a share to 28c a share, after... 

Mincor to raise A$60m for nickel ambitions

By: Esmarie Iannucci     9th December 2022 Nickel miner Mincor Resources is targeting a A$60-million capital raise to accelerate underground development at its Northern Operations, and underground exploration and resource definition at its Cassini operations, both in Western Australia. The ASX- listed company will undertake a fully... 

AfriTin buoyed by exploration of Namibia licence ML133

By: Donna Slater     9th December 2022 Tin miner AfriTin Mining is progressing with exploration of mining licence ML133, located about 35 km south-east of the company’s Uis mine in Namibia, having found thus far 13 m of mineralisation grading at 1.93% lithium oxide, 0.10% tin and 36 parts per million (ppm) of tantalum in sample T78.... 

Galileo progresses lithium drill target mapping on historical Zim prospect

By: Marleny Arnoldi     8th December 2022 London-listed exploration company Galileo Resources says the reconnaissance mapping and sampling programme on its 29%-owned Kamativi lithium project, in Zimbabwe, has identified four target zones with potential for pegmatite-hosted lithium, tin and tantalum. The target zones lie along strike... 

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