Lonmin, the world’s third-largest platinum miner, has warned of softening full-year production and rapidly rising costs after a difficult first half because of disruptions to its operations stemming from a delay in Sibanye-Stillwater’s takeover of the company.

Lonmin said total platinum production as measured by metal in concentrate fell 10% to 276,020oz in the six months to end-March. The drop was due to fewer tons mined, reduced grades and lower recoveries.

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