bauxite article in the australian robin bromby

PURE SPECULATION: Robin Bromby | November 10, 2008

Article from: The Australian p23 (?)


Hudson in spotlight

ALMOST a year ago we mentioned Hudson Resources (HRS), a small player that had attracted very little market attention.

It is still very much under the radar. Planning for a new resources strategy began about 18 months ago, and you can now start to see the shape of it. It has two main thrusts: bauxite under its own banner and metallurgical coal through its Tiaro Coal (TCM).

There is another point worth considering. Hudson, unlike most explorers, has cash flow. It extracts attapulgite in WA and produces cat litter and industrial absorbents.

Hudson is now finalising its drilling program, which will start early next year on the bauxite target 20km northwest of the NSW town of Inverell. While this region is better known for its historic tin, silver and base metal mines, bauxite was actually produced there more than a century ago and crushed to make road surfacing.

The company has engaged two 40-year industry veterans who know their way around bauxite: Jacob Rebek (who joined the former CRA in 1970 and stayed for more than 30 years) and Andrew White, a former chief geologist at Comalco