Century Aluminum Company announced that its Board of Directors has approved USD 60 million stock repurchase program.

Under the program, effective August 11th 2011, Century is authorized to repurchase up to USD 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.

Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Monterey, California.

Mr Logan Kruger president and CEO of Century said that "We believe that the repurchase program is in the best interests of our shareholders."