Michael Bless

Federal Judge Rejects Century Aluminum’s Antitrust Argument in Case Against Santee Cooper

Federal Judge Rejects Century Aluminum’s Antitrust Argument in Case Against Santee Cooper

Century Aluminum finds itself in a precarious position after a court hearing on Friday in which the presiding judge affirmed that Santee Cooper is exempt from antitrust laws. The affirmation was made by U.S. District Court Judge Richard Gergel in the course...

Events

Century Aluminum Reports Lower Numbers for Fourth Quarter and Fiscal Year 2016

Chicago’s Century Aluminum reported financial numbers for the fourth quarter and full year of 2016 on Thursday. The firm’s totals were down across the board for both periods due to plant closures and a settlement to a medical class-action suit. The firm reported a US$168.5 million net loss in the fourth quarter, down year-on-year from […]

Century Aluminum Agrees to Fund Ravenswood Retiree Benefits

Century Aluminum and retirees from the firm’s Ravenswood plant have come to an agreement regarding payment of the latter’s retirement funds. United Steelworkers announced the agreement on Friday. The agreement, which bears a date of February 9, has Century funding a trust fund with US$23 million for reimbursement of certain past and future medical and […]

Century Files Suit Against Santee Cooper Over Electricity Supply for Mt. Holly Smelter

The fight to keep Century’s smelter at Mt. Holly running was taken to federal court yesterday, as the firm filed suit against state-owned South Carolina Public Service Authority, known colloquially as Santee Cooper, alleging violations of state and federal antitrust laws. Century’s lawsuit alleges that Santee Cooper has been operating without meaningful state or federal […]

Century Aluminum Posts Lower Numbers for Q3

Chicago’s Century Aluminum reported third-quarter numbers yesterday. The firm’s numbers were down across the board, largely a reflection of a difficult market, higher raw materials costs, and stiffer competition from the People’s Republic of China. The company reported a net loss of US$58.3 million in the quarter, and an adjusted net loss of US$29.1 million. […]

Century’s Bless Presses On in Defense of Domestic Aluminium Industry

Century Aluminum’s CEO Michael Bless has been on a mission to combat what he (and many other experts) believes is the unfair manipulation of the global aluminium market by the People’s Republic of China. His fight, and plight, was detailed in an article by Bloomberg this week. Although he has had difficulty gaining traction, he […]