Century Aluminum subsidiary, Power Company to undertake joint study for new Iceland smelter

Century Aluminum Company announced that Nordural ehf., a wholly owned subsidiary, signed an agreement with an Icelandic geothermal power producer, Hitaveita Sudurnesja hf., and the municipality of Reykjanesbaer to explore the feasibility of constructing a new aluminum smelter in Helguvik, Iceland, or at another mutually agreeable site. The agreement gives Nordural exclusive rights to the project. First production of primary aluminum would be targeted for 2010-2015. (Business Wire - 05/16/05)

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