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The U.S. Department of Energy (DOE) has selected the Century Aluminum Company for a $500 million investment to build a new green aluminum smelter. The DOE's hope is the new [...]

Century Aluminum Co.'s subsidiary, Nordural Grundartangi ehf, has started the construction of a new low-carbon billet casthouse at its Grundartangi, Iceland smelter. The casthouse will have a capacity of 150,000 [...]

This article discusses protests against the development of an aluminium smelter in Helguvik, Iceland. Criticism of Century Aluminum and the Icelandic government for ignoring the environmental impact of the smelter is noted. Plans to protest the plant by the direct action group Saving Iceland are also mentioned.

The article discusses the In re Century Aluminum Co. Securities Litigation wherein a shareholder alleged that the company's share were issued under false statements. It informs that the federal judge in the U.S. District Court for the Northern District of California has dismissed the case because the allegations of the plaintiff did not affirm the Section 11 claim related to shares. It also mentions the plaintiff did not allege that aftermarket shares were connected to a secondary offering. INSET: OPINION: SECURITIES FRAUD.

Noranda Aluminum Holding Corp. became the sole owner of Gramercy Alumina LLC and St. Ann Bauxite Ltd. upon the completion of a previously-disclosed agreement with Century Aluminum Co. Gramercy supplies [...]

The Aluminum Association, Tucson, Ariz., elected Kevin Anton, president, AlcoaMaterials Management, Knoxville, Tenn., chairman of the board, and Steven J. Demetriou, chairman and CEO, Aleris International, Beachwood, Ohio, vice chairman. [...]

The article shows the importance of and benefits of share buybacks for corporations. The impact of share buybacks on individual stocks on the Standard & Poor (S&P) 500 index including healthcare company Anthem, multinational corporation Halliburton, and Illinois Tool Works, as well as on small company stocks such as Media General and Century Aluminum, and Japanese corporations including clothing retailer Aoyanna Trading and retailer Marui Group is discussed.

The article examines the economic condition of casualty and property insurance company Ace Ltd. and aluminum producer Century Aluminum Co. in the U.S. in 2008. Results of the economic analysis show that the company had grown its financial status significantly over the years of its existence making it significant for its future years. However, Century Aluminum reveals the decrease in its sales resulting into a more struggling situation for recovery.

The article reports on a memorandum of understanding signed by the Republic of the Congo (ROC)-Brazzaville and Century Aluminum granting Century the exclusive right to develop an aluminum business in the ROC. If the project would be realized, it would include a bauxite mine, an alumina refinery and an alumina smelter. The bauxite mine's location remains dependent on a future assessment and mapping of bauxite reserves. The agreement specifies provision of a minimum of 500 MW of gas-generated electrical energy to power the project.

Presents updates affecting purchasing trends for the week of April 22, 1999. Includes forecasts of an increase in the number of electronic products available in the market; Creation of a new business group of RMI Titanium Co.; Expansion project of Century Aluminum.

The article announces several career changes including the retirement of U.S. Silver Corp. chief executive officer (CEO) Tom Parker, the appointment of Michael Bless as president of Century Aluminum Co., and the promotion of Dan Bartley to CEO of Ruby Creek Resources Inc.

The article reports that Nordural Helguvik, a subsidiary of Century Aluminum Co., has started initial site preparation for a 250,000 metric ton/year greenfield primary aluminum smelter and rolling mill to be constructed near Helguvik, Iceland. Logan W. Kruger, chief executive officer of Century, says that the staged approach to construction is designed to match power availability and minimize the impact on the Icelandic economy.

The article reports that Century Aluminum and China's Minmetals Aluminum have entered into a joint venture to consider development of a bauxite mine and associated alumina refinery in Jamaica. A pre-feasibility study to assess the quality and quantity of bauxite reserves is expected to take 18 months. The companies estimated that the mine and alumina refinery complex could be operational within three years following the completion of the feasibility study. Century currently holds a 50 interest in the Gramercy Alumina refinery in Gramercy, Louisiana and related bauxite assets in Jamaica.

The article reports that Minmetals Aluminum Co., a wholly-owned subsidiary of Minmetals Resources Ltd., has entered into a joint development agreement with Century Aluminum Co. to explore the potential of developing a bauxite mine and associated 1.5 million t/a alumina refining facility in Jamaica. According to the agreement, both parties will assess initially the quality and quantity of bauxite reserves. This initial pre-feasibility stage is expected to take approximately 18 months.

This article presents information on various developments in the mining industry. One of them related to the Century Aluminum Co. which has announced plans to further increase primary aluminum capacity at its Nordural subsidiary's operations in Iceland. The decision follows an agreement reached with Hitaveita Suournesja (Suournes Regional Heating) and Orkuveita Reykjavikur (Reykjavik Energy) for additional long-term supplies of electric power. The current expansion project to add 90,000 metric tons per year (mt/yr) of capacity is being increased by 32,000 mt/yr which will raise the plant's total capacity to 212,000 mt/yr by October 2006.

Reports on Century Aluminum Co. and subsidiaries of Noranda Finance of Nashville, Tennessee have agreed to jointly acquire the Gramercy alumina refinery and Jamaican bauxite mining assets from Kaiser Aluminum and Chemical Corp. Terms of agreement.

Reports on Paris, France-based aluminum producer Pechiney SA's decision to buy processing businesses from Century Aluminum Co. Deal's advantage to Century Aluminum; Pechiney's plans for the acquired processing mills.

Presents news items concerning the North American metal industry as of February 11, 1999. Includes Century Aluminum's decision to buy Alcoa's aluminum cast plate operation in Vernon, California; Monarch Steel's installation of a cut-to-length line in Alabama; Ontario-based Algoma Steel's annual capacity to produce carbon steel plate.