Century Aluminum Company Announces $60 Million Stock Repurchase Program

Century Aluminum Company

today announced that its Board of Directors has approved a $60 million stock repurchase program. "We believe that the repurchase program is in the best interests of our shareholders," said Logan Kruger, Century's President and CEO. Under the program, effective August 11, 2011, Century is authorized to repurchase up to $60 million of its outstanding shares of common stock from time to time on the open market at prevailing market prices, in block trades or otherwise. The timing and amount of any shares repurchased will be determined by Century's management based on its evaluation of market conditions, the trading price of the stock and other factors. The repurchase program may be suspended or discontinued at any time.