Century Aluminum Co. (Nasdaq:CENX) reported a net loss of $6.6 million ($0.07 per basic and diluted share) for the third quarter of 2011. For the first nine months of 2011, the company reported net income of $42.4 million ($0.42 per basic and diluted share). These results were negatively impacted by a $7.7 million charge related to the contractual impact of the recent changes in the Company's Board of Directors and the executive management team; a charge of $2.9 million related to an insurance receivable; a loss on forward contracts of $2.3 million, related primarily to the marking to market of aluminum put options; and a charge of $0.8 million related to the early retirement of debt. Changes to the Century of West Virginia retiree medical benefits program increased nine month results by $18.3 million with an associated discrete tax benefit of $4.2 million.



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