SOURCE: Century Aluminum Company

October 05, 2007 20:01 ET

Century Icelandic Subsidiary Receives Positive Opinion on Helguvik Environmental Impact Assessment

MONTEREY, CA--(Marketwire - October 5, 2007) - Century Aluminum Company (NASDAQ: CENX) announced today that Nordural, a wholly owned subsidiary, received a positive opinion from the Icelandic Planning Agency on the Environmental Impact Assessment for the company's proposed greenfield smelter to be constructed near Helguvik, Iceland.

The Planning Agency concluded that the construction of the aluminum smelter would not have a significantly negative impact on the environment or communities surrounding the proposed site near Helguvik. In addition, the Planning Agency suggested to the municipalities that CO2 quotas be obtained and the environmental status of related power plant and transmission lines be considered, prior to the issuance of construction licenses. The company is addressing these suggestions with the municipalities and appropriate authorities and does not believe that this process will impact the timing of the project.

"This is an important milestone," said president and chief executive officer Logan W. Kruger. "We appreciate the support and cooperation we have received from the communities, energy companies and regulatory agencies. While much hard work remains, we intend to begin preparing the site for construction by early next year."

Century Aluminum Company owns primary aluminum facilities in the United States and Iceland, as well as an interest in alumina and bauxite assets in the United States and Jamaica. Century's corporate offices are located in Monterey, California.

Cautionary Statement

This press release may contain "forward-looking statements" within the meaning of U.S. federal securities laws. The company has based its forward-looking statements on current expectations and projections about the future; however, these statements are subject to risks, uncertainties and assumptions, any of which could cause the company's actual results to differ materially from those expressed in its forward-looking statements. More information about these risks, uncertainties and assumptions can be found in the risk factors and forward-looking statements cautionary language contained in the company's Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. The company does not undertake, and specifically disclaims, any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date such forward-looking statements are made.

Contact Information

  • Contacts:
    Mike Dildine (media)

    Shelly Lair (investors)