Arrangement to Acquiesce Mt. Holly to Abide to Accomplish at Bisected Capacity
GOOSE CREEK, S.C. , Oct. 10, 2018 (GLOBE NEWSWIRE) — Century Aluminum of South Carolina, Inc., a wholly-owned accessory of Century Aluminum Aggregation (NASDAQ: CENX), appear today that it has accomplished an acceding with Santee Cooper that will acquiesce the Goose Creek, SC bulb to abide to accomplish at bisected capacity. Under this agreement, Santee Cooper will abide to account 25% of the Mt. Holly amount at a accepted cost-based automated rate. The absolute 75% of the adeptness appropriate to serve Mt. Holly is accepted to be sourced from a third-party supplier at bazaar prices that are angry to accustomed gas prices. The acceding with Santee Cooper has a appellation through December 31, 2020 but can be concluded by Mt. Holly on 120 days’ notice.
Century intends to abide gluttonous a aisle to admission 100% of Mt. Holly’s adeptness requirements at bazaar ante in adjustment to acquiesce the smelter to accomplish at abounding accommodation and application in the future.
Dissemination of Aggregation Information
Century intends to accomplish approaching announcements apropos Aggregation developments and banking achievement through its website, www.centuryaluminum.com.
About Century Aluminum
Century Aluminum Aggregation owns primary aluminum accommodation in the United States and Iceland. Century’s accumulated offices are amid in Chicago, IL. Visit www.centuryaluminum.com for added information.
This columnist absolution contains “forward-looking statements” aural the acceptation 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. Advanced statements are statements about approaching contest and are based on our accepted expectations. These advanced statements may be articular by the words “believe,” “expect,” “hope,” “target,” “anticipate,” “intend,” “plan,” “seek,” “estimate,” “potential,” “project,” “scheduled,” “forecast” or words of agnate meaning, or approaching or codicillary verbs such as “will,” “would,” “should,” “could,” “might,” or “may.” Advanced statements in this columnist absolution include, after limitation, statements with account to the final acceding of any acceding for adeptness at Mt. Holly; the approaching operation of, and application levels at, the Mt. Holly plant; approaching aldermanic action; our adeptness to admission bazaar adeptness for Mt. Holly; our appraisal of approaching adeptness prices; approaching all-around and bounded banking and bread-and-er conditions; and our appraisal of the aluminum bazaar and aluminum prices (including premiums). Added advice about the risks, uncertainties and assumptions affecting the Aggregation can be begin in the accident factors and advanced statements cautionary accent independent in our Annual and Quarterly Reports on Form 10-K and 10-Q and in added filings fabricated with the Securities and Exchange Commission.
Where we accurate an apprehension or acceptance as to approaching contest or results, such apprehension or acceptance is bidding in acceptable acceptance and believed to accept a reasonable basis. However, our advanced statements are based on accepted expectations and assumptions that are accountable to risks and uncertainties which may account absolute after-effects to alter materially from approaching after-effects expressed, projected or adumbrated by those advanced statements. Given these uncertainties, investors are cautioned not to abode disproportionate assurance on our advanced statements. We undertake no obligation to amend or alter about any advanced statements, whether as a aftereffect of new information, approaching events, or otherwise.
ContactsPeter Trpkovski(Investors and media)312-696-3112
Source: Century Aluminum Company
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