Century Aluminum Company announced today that it has signed a memorandum of understanding (MOU) with the Republic of the Congo (ROC) for the exclusive right to develop an aluminum business in the ROC consisting of an aluminum smelter, an alumina refinery and a bauxite mine.
The parties have tentatively identified Pointe Noire as a potential site for the aluminum smelter and alumina refinery. The location of the bauxite mine is dependent upon a future assessment and mapping of bauxite reserves. The MOU specifies a minimum commitment of 500 megawatts of gas-generated electrical energy.
"We believe that the Republic of the Congo has all of the ingredients necessary to sustain a profitable aluminum industry," said president and chief executive officer Logan W. Kruger. "We appreciate the strong support we have received from the ROC government and anticipate a constructive and mutually beneficial future relationship."