Century Aluminum Company Announces Successful Completion of Consent Solicitation Related to Its 1.75% Convertible Senior Notes Due 2024

Century Aluminum Company (the "Company") (NASDAQ: CENX) today announced that it has successfully completed its solicitation of consents to amend the indenture governing its 1.75% Convertible Senior Notes due 2024, CUSIP Nos. 156431AE8 and 156431AD0 (the "2024 Notes"), to modify certain events of default relating to certain bankruptcies and insolvencies. The Company has been advised by the information and tabulation agent for the consent solicitation that approximately 90% of holders of the 2024 Notes consented to the proposed amendments.
Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. 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.
Certified Advisors for the First North market of the OMX Nordic Exchange Iceland hf. for Global Depositary Receipts in Iceland:
Atli B. Gudmundsson, Senior Manager - Corporate Finance, NBI hf.
Steingrimur Helgason, Director - Corporate Finance, NBI hf.

Contacts:
Media
Mike Dildine
831-642-9364
Investors
Shelly Lair

831-642-9357

http://money.cnn.com/news/newsfeeds/articles/marketwire/0559251.htm

Chinese aluminum output may increase by 9pct in 2010

Bloomberg reported that China's aluminum production may gain 9% to 14.5 million tonnes in 2010 as capacity idled because of the financial crisis is restarted after prices rebounded.

Mr Peter Deneen an industry consultant with New Jersey based River Edge said that "Chinese aluminum production has come roaring back and is likely to reach 13.3 million tonnes 2009."

The China Nonferrous Metals Industry Association has said that output of 2008 was 13.2 million tonnes.

Aluminum output in China, the world's biggest consumer and producer has gained after CNY 4 trillion government stimulus plan boosted demand and prices. Smelters had reduced output of the metal used in aircraft and cars after aluminum prices plunged 36% in 2008.

Mr Wang Feihong analyst at a unit of China Minmetals Corporation said that aluminum production in 2009 might be flat to even higher than 2008's 13.2 million tonnes because smelters have been bringing back idled capacity since the Q2 at a faster speed than the market had anticipated.

Mr Huang Zichao president at the consultancy Guangzhou KCTH Trading Company said that the effect of the financial crisis will likely cut output of primary aluminum to 12.75 million tonnes 2009.

According to the statistics bureau, China posted an 8% increase in output of the metal in September compared with the previous month to 1.2 million tonnes. Aluminum Corporation of China Limited posted its first profit in Q4 on increased demand and prices.

Mr Deneen who was attending a conference in Hong Kong said that as with aluminum production, China's alumina output will be flat at 24 million tonnes 2009 before rising to 28 million tonnes 2010 leaving little scope for alumina imports. 2 tonnes of alumina is needed to produce one ton of aluminum. He said that China will rely on bauxite to feed its growing alumina production capacity, which is forecast to rise 11.1% to 40 million tonnes in 2010.

Mr Paul Messenger CEO at Cape Alumina Limited said that "China has achieved self sufficiency in aluminum and effectively in alumina but has been unable to do so in bauxite."
http://steelguru.com/news/index/2009/11/05/MTE5MDM5/Chinese_aluminum_output_may_increase_by_9pct_in_2010.html

Experts: Aluminum bats no more dangerous than wood bats

A decision made by a Montana jury could change the face of baseball in America. Jurors are listening to evidence in a case about the death of an 18-year-old pitcher. In 2003, Brandon Patch was hit in the temple from a hard line drive. He died 5 hours after the impact due to a blood clot. Patch's family is suing Hillerich & Bradsby, makers of the aluminum bat, arguing the bat is "unreasonably dangerous.”
The parent company of the Louisville Slugger has been making wooden bats for more than 100 years and aluminum bats since 1970. In this case, the Montana jury is looking into whether aluminum bats are safe for baseball players to use. In court, the attorney representing Hillerich & Bradsby said aluminum bats are not any more dangerous than wooden bats.
University of Louisville head baseball coach Dan McDonnell is not involved in the Montana case, but spoke with WAVE 3 about the differences between wooden versus aluminum bats. McDonnell said injuries can happen regardless of the bat being used.
"We have pitchers that get hit. Just throughout this fall, we've had 5 or 6 pitchers that have gotten hit with a ball coming off a bat," said McDonnell, whose team uses aluminum bats.
Like any other contact sport, McDonnell said baseball can be dangerous and injuries can happen.
"Whether it's a wooden bat, an aluminum bat, any bat - it's just the pitchers are always at risk because they are so close to the plate," McDonnell said. "The last thing anybody wants is for somebody to get hurt, but it happens."
McDonnell said bat companies are doing a good job of following regulations. "Knowing Louisville Slugger and the type of people they are and the family-owned business, I know they're doing everything in their power. [They are doing everything] in compliance with college baseball, high school baseball -whatever the rules are and the standards."
McDonnell wants to keep the standards the same. He said aluminum bats are a good fit for high school and college players and the wooden bats should be left for the pros. McDonnell said when it comes to speed it has to do with hitting the ball with the "sweet spot" of the bat and aluminum bats give players a better chance to do that.
"For it to come off with any velocity, you're going to have to hit it on the sweet spot whether it’s an aluminum bat or a wooden bat," he said.
Coach McDonnell said a batter swinging with a wooden bat can also hit a pitcher.
Meanwhile, “The Don't Take My Bat Away Coalition” supports players choosing what bats they want to use for a game. Coalition representative Mike May said it doesn't matter if a ball is hit using an aluminum or wooden bat, the speed is the same. May did say that with aluminum bats, "you do get a few more well hit balls, but they are not harder hit balls."
In regards to the Montana case, while May said Brandon Patch's death was a tragedy, he doesn't think you can blame everything on the bat. According to May, just because the batter was using an aluminum bat, it’s a bigger deal. “The immediate criticism is negative and they start blaming the bat and that's not accurate and that's not fair."
Also in court, the attorney representing the Patch's family said Brandon did not have enough time to get his glove in place after the pitch to protect himself. Experts clocked the ball hit by the aluminum bat at 99.8 mph.
http://www.wave3.com/Global/story.asp?S=11370259

Comex delists aluminum, ponders future product

After 10 years of spotty trading and incessant illiquidity, CME Group's aluminum futures contract has expired with more of a whimper than a bang. But that hasn't stopped the exchange from considering taking a fresh stab at the market.
"I can't say people were upset about (the contract's demise)," according to Bob Levin, managing director for energy and metals research and development at CME Group, which operated the contract after its 2008 takeover of the New York Mercantile Exchange (Nymex). "I'm not aware of anybody voicing anything very negative at all, except perhaps some disappointment that it hadn't worked as successfully as we all would have liked. If they had wanted it that much, they would have been trading it more."
CME Group announced in June the decision to delist the futures contract upon the expiration of the September 2009 contract month and the options contract at the end of August. The contract launched in May 1999 against the backdrop of a roaring aluminum product on the London Metal Exchange but struggled to attract volumes from the start.
Traders of the light metal told AMM that the decision to delist didn't come as a surprise, and, if anything, came too late. "They could have done that a long time ago. It's definitely been obsolete for some time," one trader said.
A second trader agreed. "I think that contract just hasn't been used for so long it's just irrelevant. What it became was just like a joke," he said, noting that his trading company hadn't held positions on the...
http://www.amm.com/login/denied_empty/2009-10-06__15-42-11.html/Comex+delists+aluminum+ponders+future+product

Newport introduces aluminum breadboards

ewport, a lasers and photonics manufacturer, has introduced the Labasix SA2 series of low-cost aluminum breadboards for basic photonic research and OEM optical assemblies.
The new, solid aluminum breadboards, machined from 0.5in 6061 aluminum, provide a stable yet lightweight platform for optical components and sub-assemblies.

The LABasix SA2 aluminum breadboard provide a stable yet lightweight platform for optical components and sub-assemblies

The durable SA2 Series incorporates several unique design features that improve the flexibility and ease-of-use compared to traditional aluminum breadboards.
The standard grid of tapped holes extends to within 0.5in of the plate edges, providing more mounting surface than competitive products.
Newport's SA2 also features 'in-grid' counter-bored holes and deep edge chamfers for easier lifting, aligning, and integration of the SA2 onto standard optical tables.
The SA2 Series is offered in the most popular standard sizes with custom sizes and shapes also available.
The imperial standard models feature 1/4 - 20 tapped holes on a 1-inch grid.
Metric models feature M6 tapped holes on a 25mm grid.
Both imperial and metric versions are anodized deep black to minimise surface reflections, with other surface finishes available upon request.
http://www.engineeringtalk.com/news/mcr/mcr178.html

Century Aluminum sells stake in joint venture

Century Aluminum Co. said Tuesday that the company completed the divestment of its stake in certain bauxite and alumina assets.

Century Aluminum ( CENX - news - people ) sold its half of Louisiana-based Gramercy Alumina LLC and Jamaica-based St. Ann Bauxite Ltd. to privately held Noranda Aluminum Holding Corp. The two companies jointly acquired Gramercy and St. Ann from Kaiser Aluminum ( KALU - news - people ) and Chemical Corp. in 2004. Noranda, based in Franklin, Tenn., now is the sole owner of Gramercy and St. Ann. Bauxite is the primary ore of aluminum.

In August, Century Aluminum said the transaction will increase its focus on the company's core aluminum smelting business and growth projects.

Gramercy owns and operates a 1.2 million metric ton per year alumina annual capacity alumina refinery located in Louisiana and St. Ann owns and operates a 4.8 million metric ton per year annual capacity bauxite mining operation in Jamaica. As a result of the economic downturn, Century Aluminum said that Gramercy and St. Ann have been producing at about 50 percent and 40 percent of their rated capacities since early 2009.

Last month, Noranda said Century had agreed to purchase alumina---the key ingredient in aluminum-- from Gramercy in 2009 and 2010.

Noranda CEO Layle K. Smith said in a statement the deal is "consistent with our vertical integration strategy and our continuing desire to have a secure strategic supply of alumina. We also believe owning 100 percent of these two operations represents an opportunity to enhance profitability as market pricing improves."

Shares of Monterey, Calif.-based Century Aluminum dropped 18 cents to $10.05 in morning trading.

http://www.forbes.com/feeds/ap/2009/09/01/business-materials-us-century-aluminum-sale_6836916.html

Century Aluminum takes USD 73 million Q2 charge

Reuters reported that Century Aluminum Company which already reported a Q2 loss is taking a USD 73.2 million charge that will increase that loss.

The charge relates to the recently agreed transfer of the company's 50% ownership interests in Gramercy Alumina LLC in Louisiana and Jamaica's St. Ann Bauxite Limited.

The non cash charge for equity investment impairment will be reflected in Q2 financial statements on Form 10-Q expected to be filed with the Securities and Exchange on August 10th 2009.

California based company reported a Q2 net loss of USD 33.9 million or 46 cents per share. A spokesman said that those results were only "provisional" and that the impairment charge although incurred in the Q3 would be included in the Q2 results filed with the SEC next week.

Century Aluminum said that it will transfer its stakes in the 2 companies to subsidiaries of privately held Noranda Aluminum Holding Corporation.
http://steelguru.com/news/index/2009/08/17/MTA3NDQw/
Century_Aluminum_takes_USD_73_million_Q2_charge.html