Gold steadies as traders focus on uncertain 2025 rate path
Gold has hit successive records this year and is set to close 2024 more than 25% higher.
The novel coronavirus has been detected at a second mine in Papua New Guinea, after an employee at the Lihir Mine owned by Newcrest Mining Ltd tested positive for the disease.
The 30-year-old male, who flew in from Port Moresby at the end of July, is among 26 confirmed cases reported on Sunday by the National Pandemic Control Centre in the capital Port Moresby.
The island nation has now reported a total of 214 coronavirus cases and three deaths
The island nation has now reported a total of 214 coronavirus cases and three deaths.
The Lihir mine case was detected during a routine screening process for all incoming workers who have to observe a mandatory 14-day quarantine period upon arrival on the mine site.
It comes after PNG’s Ok Tedi copper and gold mine suspended operations for at least 14 days from Wednesday, after seven workers tested positive for the novel coronavirus.
While the number of cases in PNG are still low compared with many other countries, they have jumped sharply over the past few weeks.
“This is a critical time for all of us,” National Pandemic Response Deputy Controller Paison Dakulala said in a statement.
(By Swati Pandey; Editing by Ana Nicolaci da Costa)
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