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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.

Topic

Kirkland Lake sells shares in Osisko and Novo

By: Creamer Media Reporter      14th August 2020 Gold mining company Kirkland Lake on Thursday announced that it had disposed of its shareholding in Osisko Mining and that it had reduced its interest in Novo Resources. The company, which trades in the Toronto, New York and Sydney, sold 32 627 632 common shares of Osisko through the facilities... 

Lucapa defers debt repayments

By: Esmarie Iannucci     14th August 2020 Diamond miner Lucapa has struck an agreement with its major financiers and shareholders Equigold and New Azilian, as well as the external financier for the Mothae project, the Industrial Development Corporation of South Africa, to defer some $13-million in loan repayments from 2020 and 2021, to... 

Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains

By: Reuters     14th August 2020 Australian mining magnate Gina Rinehart's Hancock Prospecting is hoping a charm offensive, from annual fundraising parties to local refurbishments at a golf course, will help overcome opposition to a massive new coal mine in Canada’s Rocky Mountains. Hancock unit Riversdale Resources’ Grassy... 

Star Diamonds case against Rio Tinto allowed to proceed

By: Mariaan Webb     13th August 2020 Canada-based Star Diamond has made headway in its case to take joint venture (JV) partner Rio Tinto to court over its purported exercise of four options under an option and JV agreement relating to the Star-Orion South project, in Saskatchewan. This week, a Court of Queen’s Bench for... 

Horizon raises A$16m for exploration work

By: Esmarie Iannucci     13th August 2020 ASX-listed Horizon Minerals will raise A$16.1-million to accelerate exploration work and mine and mill studies at its Boorara project, in Western Australia. The company on Thursday announced that it had received binding commitments for the placement of 115-million shares, at a price of 14c each,... 

Gascoyne unveils recapitalisation plans

By: Esmarie Iannucci     13th August 2020 Gold miner Gascoyne Resources has unveiled a A$125-million funding package to recapitalize the company. The company on Thursday announced that it will undertake a fully underwritten institutional placement and a two-for-one accelerated pro-rata non-renounceable entitlement offer to raise an... 

US Gold gains ‘industry leading’ shareholders with exploration project buy

By: Mariaan Webb     13th August 2020 Gold exploration and development company US Gold has closed the acquisition of Nevada-based Northern Panther Resource Corporation in an all-share transaction pursuant to a merger agreement. Northern Panther's principal asset is the Challis Gold exploration project – an exploration project in... 

Alto secures bridging facility

By: Esmarie Iannucci     11th August 2020 ASX-listed Alto Metals has secured an additional A$1-million short-term, unsecured bridge loan facility from shareholder Harvest Lane Asset Management. Alto said on Tuesday that the funding would allow the company to continue with its exploration work and to meet working capital requirements... 

Solaris shares surge 38% on first assay results

By: Mariaan Webb     11th August 2020 Copper company Solaris Resources on Monday reported assay results for the first hole from the ongoing 40 000 m diamond drill programme at its Warintza project, in south-east Ecuador, sending its share price up 38%. This is the first drill hole completed on the Warintza project in nearly 20 years. 

Xanadu raises cash for Mongolian exploration

By: Esmarie Iannucci     10th August 2020 Metals explorer Xanadu Mines is hoping to raise A$12-million to fund exploration work at its flagship Kharmagtai copper/gold project, in Mongolia. Xanadu on Monday announced that it would issue 266.7-million shares, at a price of 4.5c each, in two tranches. 

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