MONTEREY, CA -- (MARKET WIRE) -- 01/11/12 -- Century Aluminum
Company (NASDAQ: CENX) announced that the Grundartangi
smelter, owned and operated by its wholly owned subsidiary,
Nordural Grundartangi ehf, experienced a temporary power
outage yesterday. The outage resulted from damage sustained,
due to abnormal and extreme weather conditions, at an offsite
electrical substation owned and operated by the national
power grid operator.
The outage lasted approximately three hours and power was
fully restored after approximately 12 hours. Plant personnel
handled the interruption safely and no injuries have been
recorded.
The smelter is in the process of resuming full operations.
Nordural is continuing to evaluate the full impact of the
outage on the smelter, which it does not currently believe to
be material.
Century Aluminum Company owns primary aluminum capacity in
the United States and Iceland. Century's corporate
offices are located in Monterey, California.
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.
Cautionary Statement
This press release contains "forward-looking
statements" within the meaning of the Private Securities
Litigation Reform Act of
1995. Forward-looking statements are statements about future,
not past, events and involve certain important risks and
uncertainties, any of which could cause our actual results to
differ materially from those expressed in our forward-looking
statements, including, without limitation, whether or not any
further power outages will be sustained at the Grundartangi
smelter, whether the smelter will be able to resume full and
normal operations in a timely manner and whether or not the
Grundartangi smelter will be able to successfully avoid
further damages as a result of the power outage.
Forward-looking statements in this press release include,
without limitation, statements regarding damages and injuries
suffered at the Grundartangi smelter as a result of the power
outage, and the ability of the Grundartangi to successfully
resume full and
normal operations. More information about the risks,
uncertainties and assumptions affecting the Company can be
found in the risk factors and forward-looking statements
cautionary language contained in our Annual Report on Form
10-K and in other filings made with the Securities and
Exchange Commission. We do not undertake, and specifically
disclaim, any obligation to revise any forward-looking
statements to reflect the occurrence of future events or
circumstances.
Contacts: Mike Dildine (media)
Lindsey Berryhill
831-642-9364
Shelly Harrison
(investors)
831-642-9357
Source: Century Aluminum Company
News Provided by Acquire Media
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