Lonmin will delay or reduce the number of jobs it had planned to cut in South Africa as soaring palladium prices have boosted revenue, its chief executive said, ahead of a takeover by Sibanye-Stillwater. Higher prices for a basket of Lonmin’s metals and a weaker South African rand helped the London-listed miner to an annual pre-tax profit in 2018, its first since 2013, and an operating profit of $70-million in the first half of its financial year 2018/19.
