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Century Aluminum Receives $79.7 Million Federal Income Tax Refund
Monday, March 16, 2009 11:06 AM


California-based aluminum producer Century Aluminum has received a federal income tax refund of $79.7 million.

This refund is in addition to the $10.1 million refund received from the Internal Revenue Service in February 2009 for estimated federal income taxes paid in the 2008 tax year.

In February 2009, Century filed a carry back refund claim for federal income taxes paid in the 2006 and 2007 tax years.

The $79.7 million refund relates to the federal income tax loss generated upon the termination of the company's forward sales contracts in July 2008.


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