London — Lonmin Plc will delay or reduce the number of jobs it had planned to cut in SA as soaring palladium prices have boosted revenue, its CEO has said, ahead of a takeover by Sibanye-Stillwater.

Higher prices for a basket of Lonmin’s metals and a weaker rand helped the London-listed miner to an annual pre-tax profit in 2018, its first since 2013, and an operating profit of $70m in the first half of its financial year 2018/2019.

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