{"id":750726,"date":"2023-04-25T07:10:51","date_gmt":"2023-04-25T11:10:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/"},"modified":"2023-04-25T07:10:51","modified_gmt":"2023-04-25T11:10:51","slug":"century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/","title":{"rendered":"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery"},"content":{"rendered":"<div class=\"mw_release\">\n<p>CHICAGO, April  25, 2023  (GLOBE NEWSWIRE) &#8212; Century Aluminum Company (NASDAQ: CENX) today announced that it has entered into an agreement with Noble Group Holdings Limited (\u201cNoble\u201d) to acquire Noble\u2019s 55% ownership interest in Jamalco, a bauxite mining and alumina production joint venture in Jamaica. Jamalco has annual alumina production capacity of approximately 1.4 million tonnes and employs over 900 people. Pursuant to the terms of the agreement, a wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary and owner of Noble\u2019s 55% interest in Jamalco, for $1. The transaction is expected to close by the end of April 2023.<\/p>\n<p>\u201cThis acquisition is highly strategic for Century as it secures a predictable, long-term supply of alumina, our most critical raw material and achieves increased transparency and control of our supply chain,\u201d said Jesse Gary, President and CEO of Century. \u201cAcquiring this interest in Jamalco allows us to integrate our aluminum smelting operations with this critical upstream supply of bauxite and alumina to create a more balanced and robust operational footprint, resulting in an organization that is better positioned to deliver strong performance through industry cycles.<\/p>\n<p>\u201cJamalco is a well-known and well-regarded organization with a world class operational team. It has historically proven its competitive advantages through its consistent production of high-quality alumina, strategic geographic footprint in the Atlantic alumina market, and strong corporate culture focused on safety, integrity and employee well-being,\u201d continued Mr. Gary. \u201cWe believe this acquisition will ultimately provide Century and our stockholders with a meaningful opportunity for long-term value creation. We are very excited to add this high-potential asset to our portfolio and we look forward to working with our new joint-venture partners, Clarendon Alumina Production Limited.\u201d<\/p>\n<p>\n        <strong>About Century Aluminum Company<\/strong>\n      <\/p>\n<p>Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century&#8217;s corporate offices are located in Chicago, IL. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8mHS2afFoeVHmc7tXL87uelhn9hbvVVPhPfv-I0V93731Hw-ZUG6boaOl1VQiMfl00VDWOt29Er9RiFcUL2qeNDbAdcY57ln9mbOxj3CVSw=\" rel=\"nofollow noopener\" target=\"_blank\">www.centuryaluminum.com<\/a> for more information.\u00a0\u00a0<\/p>\n<p>\n        <strong>Cautionary Statement<\/strong>\n      <\/p>\n<p>This press release contains &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are statements about future events and are based on our current expectations. These forward-looking statements may be identified by the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;hope,&#8221; &#8220;target,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;seek,&#8221; &#8220;estimate,&#8221; &#8220;potential,&#8221; &#8220;project,&#8221; &#8220;scheduled,&#8221; &#8220;forecast&#8221; or words of similar meaning, or future or conditional verbs such as &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;might,&#8221; or &#8220;may.&#8221;.<\/p>\n<p>Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Important factors that could cause actual results and events to differ from those described in such forward-looking statements can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K, quarterly reports on Form 10-Q and in other filings made with the Securities and Exchange Commission. Although we have attempted to identify those material factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that could cause actual results or events to differ from those anticipated, estimated or intended. Many of these factors are beyond our ability to control or predict. Given these uncertainties, investors are cautioned not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.<\/p>\n<p>\n        <strong>Contact<\/strong><br \/>\n        <br \/>Peter Trpkovski<br \/>(Investors and media)<br \/>312-696-3132<\/p>\n<p>Source:\u00a0Century Aluminum Company<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDQzNyM1NTU0MDczIzIwODE0ODA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjIxZDNkYjEtMzg3Yy00MDYzLTg5N2MtZDY4NGQ3YzVmNTFhLTEwOTMwNTE=\/tiny\/Century-Aluminum-Company.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, April 25, 2023 (GLOBE NEWSWIRE) &#8212; Century Aluminum Company (NASDAQ: CENX) today announced that it has entered into an agreement with Noble Group Holdings Limited (\u201cNoble\u201d) to acquire Noble\u2019s 55% ownership interest in Jamalco, a bauxite mining and alumina production joint venture in Jamaica. Jamalco has annual alumina production capacity of approximately 1.4 million tonnes and employs over 900 people. Pursuant to the terms of the agreement, a wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary and owner of Noble\u2019s 55% interest in Jamalco, for $1. The transaction is expected to close by the end of April 2023. \u201cThis acquisition is highly strategic for Century as it secures a predictable, long-term supply of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CHICAGO, April 25, 2023 (GLOBE NEWSWIRE) &#8212; Century Aluminum Company (NASDAQ: CENX) today announced that it has entered into an agreement with Noble Group Holdings Limited (\u201cNoble\u201d) to acquire Noble\u2019s 55% ownership interest in Jamalco, a bauxite mining and alumina production joint venture in Jamaica. Jamalco has annual alumina production capacity of approximately 1.4 million tonnes and employs over 900 people. Pursuant to the terms of the agreement, a wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary and owner of Noble\u2019s 55% interest in Jamalco, for $1. The transaction is expected to close by the end of April 2023. \u201cThis acquisition is highly strategic for Century as it secures a predictable, long-term supply of &hellip; Continue reading &quot;Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-25T11:10:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDQzNyM1NTU0MDczIzIwODE0ODA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery\",\"datePublished\":\"2023-04-25T11:10:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\\\/\"},\"wordCount\":638,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgyNDQzNyM1NTU0MDczIzIwODE0ODA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\\\/\",\"name\":\"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery - 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Jamalco has annual alumina production capacity of approximately 1.4 million tonnes and employs over 900 people. Pursuant to the terms of the agreement, a wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary and owner of Noble\u2019s 55% interest in Jamalco, for $1. The transaction is expected to close by the end of April 2023. \u201cThis acquisition is highly strategic for Century as it secures a predictable, long-term supply of &hellip; Continue reading \"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-25T11:10:51+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDQzNyM1NTU0MDczIzIwODE0ODA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery","datePublished":"2023-04-25T11:10:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/"},"wordCount":638,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDQzNyM1NTU0MDczIzIwODE0ODA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/century-aluminum-company-to-acquire-55-interest-in-jamalco-alumina-refinery\/","name":"Century Aluminum Company to Acquire 55% Interest in Jamalco Alumina Refinery - 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