The deal will give Concord access to an additional 600,000 tonnes of alumina per year on top of the 1.4 million tonnes it already handles, which would make it one of the world’s leading traders of alumina.
The company is among the few remaining South African gold producers squeezing profits from mines that are among the deepest in the world and are becoming more costly to run.
Country is considering longer-term measures to grab a bigger slice of mining companies’ profits once a temporary export tax finishes at the end of this year.