Century Aluminum Company, a United States-based associate of Glencore, will acquire the majority stake in Jamalco for US$1, stripping former owner Noble Group of the lossmaking alumina refinery.

The deal is days away from completion.

“A wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary and owner of Noble’s 55 per cent interest in Jamalco, for US$1. The transaction is expected to close by the end of April 2023,” said Century in filings seen by the Financial Gleaner.

The deal price was not explained but it’s likely implication is that the transaction may have cleared Noble of liabilities for Jamalco going forward.

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