8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported): January 28, 2003

                            Century Aluminum Company
             (Exact name of registrant as specified in its charter)

           Delaware                      0-27918                 13-3070826
(State or other jurisdiction          (Commission              (IRS Employer
       of Incorporation)               File Number)         Identification  No.)

          2511 Garden Road
        Building A, Suite 200
         Monterey, California                                       93940
(Address of principal executive offices)                          (Zip Code)

                                 (831) 642-9300
              (Registrant's telephone number, including area code)




Item 5. Other Events

On January 28, 2003, Century Aluminum Company (the "Company") issued a
press release announcing that it had signed a letter of intent to purchase
the 20 percent interest in its Hawesville, KY aluminum reduction plant
that is owned by Glencore.

A copy of the Company's press release is attached hereto as Exhibit 99.1.


Item 7. Financial Statements and Exhibits.

      (c) Exhibits.

      The following exhibits are filed with this report on Form 8-K:

Exhibit Number          Description
- --------------          -----------
    99.1                Press Release, dated January 28, 2003


                                      -2-


                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                  CENTURY ALUMINUM COMPANY

Date:  January 30, 2003                     By:  /s/ Gerald J. Kitchen
                                               ---------------------------------
                                               Name:  Gerald J. Kitchen
                                               Title: Executive Vice President,
                                                      General Counsel and
                                                      Secretary


                                      -3-


                                  EXHIBIT INDEX

Exhibit Number          Description
- --------------          -----------
    99.1                Press Release, dated January 28, 2003


                                      -4-

EX-99.1

                                                                    EXHIBIT 99.1

								News Release

Century Aluminum


Century to Acquire Remaining 20% Share in Its Hawesville (KY) Operations

Monterey, CA. January 28, 2003 -- Century Aluminum Company (NASDAQ - CENX) has
signed a letter of intent to purchase the 20 percent interest in its Hawesville,
KY aluminum reduction plant that is owned by Glencore.  The $105 million
transaction is subject to completion of definitive documents and approval by
Century's Board of Directors.  Closing is expected during the second quarter of
2003. Glencore owns approximately 42 percent of Century's common stock.

Century will raise about $35 million of cash by capturing the above-market
value of the final five years (2005 through 2009) of a nine-year 50,000 metric
ton per year (mtpy) aluminum delivery contract with Glencore.   Prices in the
contract are fixed substantially above current market levels.  The Company will
receive the above payment in exchange for an agreement to modify the contract
to provide for delivery of metal for the years 2005 through 2009 at prices
based on then current markets.

The Company intends to finance the purchase price of the additional interest in
Hawesville with $35 million in available cash, proceeds from the Glencore
delivery contract amendment and with a six-year note payable to Glencore.

Reporting the transactions, Gerald A. Meyers, Century President and Chief
Executive Officer, said:

"Century has created significant value through this long-term delivery
contract. The Company also has been cash flow positive, and it continues
to be -- even at relatively low aluminum prices.   We intend to harness
the underutilized values in the Glencore contract and some of our available
cash, by using them to take the next step forward in our strategy of
increasing our primary aluminum production capacity while lowering overall
cash costs.  Hawesville is an excellent asset and is our lowest-cost facility.
Adding the 48,400 mtpy of capacity, which this acquisition represents, will
reduce our overall cash costs and break-even point by approximately $0.01
a pound."

Mr. Meyers noted that the acquisition would require the Company to incur
additional debt of approximately $35 million.  "Century does not intend to
add significant debt to its capital structure," he said.  "However, we believe
this is an attractive acquisition which easily justifies this relatively modest
amount of debt."

Mr. Meyers explained that during 2003 and 2004 the terms of the Glencore
aluminum delivery contract would remain unchanged with metal sales to Glencore
at a fixed price above today's market, consistent with Century's hedging
strategy of providing protection, when possible, against near-term downside
markets.

Accounting standards require that the company mark-to-market the aluminum
delivery contract.  Based on current forward aluminum prices, the company
anticipates this will result in a pre-tax gain of approximately $35 million
in the first quarter of 2003.

Century currently owns 465,000 mtpy of primary aluminum capacity at three
locations.  It owns and operates a 168,000-mtpy plant at Ravenswood, WV and
owns 80 percent of and operates the 237,000-mtpy plant at Hawesville.
Glencore owns the remainder.  Century also owns a 49.67 percent interest in
a 215,000-mtpy reduction plant at Mt. Holly, SC.  Alcoa, Inc. owns the
remainder and is the operating partner.  Century's headquarters are in
Monterey, CA.

Century's press releases may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.  The
company cautions that such forward-looking statements are not guarantees of
future performance and involve significant risks and uncertainties.  Actual
results may vary materially from those expressed or implied in the
forward-looking statements as a result of various factors.

Editorial contact: A. T. Posti (831) 642-9364