News

Mining Weekly | Africa

12 October 2026

• Gold remains under pressure as Middle East tensions persist
  Precious metals and technology company Heraeus Precious Metals says gold has remained under pressure as continued tensions in the Middle East push oil prices higher. In its latest ‘Precious Appraisal’, Heraeus notes that the gold price has remained well below its recently broken $4 250/oz support, while the dollar has strengthened and Brent crude has stayed comfortably above $100/bl.
• Arkle announces first phase drilling results from Namibia uranium project
  London-listed Arkle Resources has announced the results of the first phase of drilling at its paleochannel targets on EPL 8995, which is part of the company's Erongo uranium project, in Namibia, with assays from its primary ULG target to follow imminently. The company reports that uranium mineralisation has been intersected on six of the ten drill fences across the Paleo East channel and in four step-out holes between them, over 2.9 km of the channel.
• Madagascar formalises Harena’s Ampasindava exploitation permit
  LSE-listed Harena Rare Earths is focusing its efforts on obtaining an environmental permit and the approval of its environmental and social plans to enable it to start construction on its Ampasindava rare earths project, in Madagascar. This follows the formalisation of the project’s exploitation permit by Madagascar’s Ministry of Mines.