Century Aluminum Sets Date for Fourth-Quarter 2007 Earnings Announcement

Friday, Feb 01, 2008
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Century Aluminum Company will report fourth-quarter 2007 earnings on Thursday, February 14th after the close of market trading. The news release will be issued through Marketwire. The company will hold a follow-up conference call on Thursday, February 14th at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call. Mr Al-Dabbagh said: "Saudi Arabia is fast consolidating its economic status as the regional investment hotbed, powered by the pioneering development initiatives undertaken by the Economic Cities in the Kingdom. As the first multi-faceted Economic City, KAEC has set a strong foundation for inward investment in a number of high-growth sectors. The aluminium smelter complex will be another magnet for industries exploring the investment options provided by KAEC." Mr Al-Rasheed said: "KAEC is the single largest private sector development in the region, and to further promote its objectives we are forming strong public-private partnerships that power our growth. The partnership with EMAL International, which represents the joining hands of two of the UAE's leading names in industry and investment, will enable KAEC to deliver a strong foundation of growth for potential investors." He added: "Aluminium industry is one of the fastest-growing sectors with huge potential for job creation directly and through ancillary industries. By setting up the smelter complex, we are also reiterating on our commitment to the Kingdom to create more job opportunities for the Saudi population." Mr Abdulla Kalban said: “DUBAL’s involvement in this project is extremely gratifying, as it pays tribute to the wealth of experience and advanced technologies developed by our company over the past 28 years.” Mubadala’s CEO and Managing Director, Khaldoon Khalifa Al Mubarak, added: “Both Mubadala and DUBAL enjoy the capabilities and resources to design, implement and run a project of this magnitude. The combined strengths of our two companies will ensure the delivery of a world-class project.” Global demand for aluminium is on the rise, and the Gulf region today accounts for about 5 per cent of the world aluminium production of 34 million tones, according to reports. This is expected to rise to 15 per cent by 2020 with a projected global production of 60 million tones. The KAEC plant will be complement the market-leading positions of Dubai in aluminium production in the future. KAEC recently opened its Industrial Zone to huge investor response from around the world. The first phase of the Residential Communities was also launched with the Bay La Sun Village gaining sell-out customer response. Work at the site is on-going as per schedule.

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