Century Aluminum Company's Century Anodes B.V. Acquires European Anode Facility

Century Aluminum Company announced that its wholly owned subsidiary, Century Anodes B.V., has entered into a definitive agreement to purchase substantially all of the assets of the anode production facility of the former Zeeland Aluminum Company (Zalco) for EUR10 million in cash. Century Anodes will not assume any historical liabilities in the transaction. Located in Vlissingen, The Netherlands, the former Zalco facility, which is currently curtailed, will provide an additional secure source of captive anode production for Century's Grundartangi, Iceland smelter. The approximately 150,000 tonne anode facility also could supply anodes to Century's smelter project in Helguvik, Iceland upon the project's completion.