Century Aluminum Co. (Monterey, Calif.; http://www.centuryca.com) entered into a joint venture agreement with Minmetals Aluminum Company to explore the potential of developing of bauxite mine and associated 1.5-million-ton aluminum refining facility in Jamaica. The first stage of the project, a pre-feasibility stage, will assess the quality and quantity of bauxite reserves. This stage is expected to take approximately 18 months. If this stage is successful, a full feasibility study will follow. Both companies estimate that the mine and alumina refinery could be operational within three years following the completion of the feasibility study.
Century Aluminum and Minmetals Enter into Joint Venture
May 16, 2006