Lonmin Delays 1,000 Job Cuts as Platinum Shafts to Remain Open

  • Third-biggest producer has reduced jobs by more than 5,000
  • Platinum prices have dropped by 50% in past five years

Lonmin Plc said it will keep 1,000 contractors employed until at least September as the world’s third-biggest platinum producer delayed plans to shut some shafts that had been earmarked for closure in response to plunging prices.

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