cenx_form11-k.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
11-K
(Mark
One)
x
|
Annual
report pursuant to Section 15(d) of the Securities Exchange Act of
1934
For
the fiscal year ended December 31, 2006
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OR
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o
|
Transition
report pursuant to Section 15(d) of the Securities Exchange Act of
1934
For
the transition period from ________ to
__________
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Commission
File Number 0-27918
A.
|
Full
title of the Plan and the address of the Plan, if different from
that of
the issuer named below:
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CENTURY
ALUMINUM 401(k) PLAN
2511
Garden Road
Building
A, Suite 200
Monterey,
California 93940
B.
|
Name
of issuer of the common stock issued pursuant to the Plan and the
address
of its principal executive office:
|
Century
Aluminum Company
2511
Garden Road
Building
A, Suite 200
Monterey,
California 93940
TABLE
OF CONTENTS
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Page
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REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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1
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FINANCIAL
STATEMENTS AS OF AND FOR THE YEARS ENDED
DECEMBER
31, 2006 AND 2005:
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|
Statements
of Net Assets Available for Benefits
|
2
|
Statements
of Changes in Net Assets Available for Benefits
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3
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Notes
to Financial Statements
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4-10
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SUPPLEMENTAL
SCHEDULE AS OF DECEMBER 31, 2006 —
|
11
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Form
5500, Schedule H, Part IV, Line 4i — Schedule of Assets (Held at End of
Year)
|
12
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|
|
NOTE:
All other schedules required by Section 2520.103-10 of the Department
of
Labor’s Rules and Regulations for Reporting and Disclosure under the
Employee Retirement Income Security Act of 1974 have been omitted
because
they are not applicable.
|
|
REPORT
OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To
the
Trustees and Participants of Century Aluminum 401(k) Plan:
We
have
audited the accompanying statements of net assets available for benefits of
the
Century Aluminum 401(k) Plan (the “Plan”) as of December 31, 2006 and 2005,
and the related statements of changes in net assets available for benefits
for
the years then ended. These financial statements are the responsibility of
the
Plan’s management. Our responsibility is to express an opinion on these
financial statements based on our audits.
We
conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. The Plan is not required to have,
nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audits included consideration of internal control over financial
reporting as a basis for designing audit procedures that are appropriate in
the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Plan’s internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining,
on a
test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our
opinion.
In
our
opinion, such financial statements present fairly, in all material respects,
the
net assets available for benefits of the Plan as of December 31, 2006 and
2005, and the changes in net assets available for benefits for the years then
ended in conformity with accounting principles generally accepted in the United
States of America.
Our
audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets
(held
at end of year) as of December 31, 2006, is presented for the purpose of
additional analysis and is not a required part of the basic financial
statements, but is supplementary information required by the Department of
Labor’s Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. This schedule is the responsibility
of
the Plan’s management. Such schedule has been subjected to the auditing
procedures applied in our audit of the basic 2006 financial statements and
in
our opinion, is fairly stated in all material respects when considered in
relation to the basic 2006 financial statements taken as a whole.
/s/
Deloitte and Touche LLP
Pittsburgh,
Pennsylvania
June
27,
2007
CENTURY
ALUMINUM 401(k) PLAN
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STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS
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|
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AS
OF DECEMBER 31, 2006 AND 2005
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2006
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2005
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ASSETS:
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Investments
at fair value:
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Investments
in mutual funds
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|
$ |
27,334,786
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|
|
$ |
25,271,748
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Century
Aluminum Company Stock
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|
|
3,885,084
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|
|
|
3,177,148
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Guaranteed
investment funds
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|
3,680,441
|
|
|
|
-- |
|
Participant
loans
|
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|
1,251,362
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|
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1,085,197
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|
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|
|
|
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Total
investments
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36,151,673
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29,534,093
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Receivables:
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Employee
contributions
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73,202
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|
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40,612
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Employer
contributions
|
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2,120
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|
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1,529
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|
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Total
receivables
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75,322
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42,141
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NET
ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE
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36,226,995
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29,576,234
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ADJUSTMENT
FROM FAIR VALUE TO CONTRACT VALUE FOR FULLY BENEFIT-RESPONSIVE INVESTMENT
CONTRACTS
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31,552
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|
|
--
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NET
ASSETS AVAILABLE FOR BENEFITS
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|
$ |
36,258,547
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$ |
29,576,234
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See
notes to financial statements.
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CENTURY
ALUMINUM 401(k) PLAN
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STATEMENTS
OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
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FOR
THE YEARS ENDED DECEMBER 31, 2006 AND 2005
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2006
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2005
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NET
ASSETS AVAILABLE FOR BENEFITS — Beginning of year
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$ |
29,576,234
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$ |
26,803,371
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ADDITIONS:
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Investment
income:
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Net
appreciation in fair value
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4,201,089
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1,265,568
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Interest
and dividends
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1,318,027
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714,260
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Net
investment income
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5,519,116
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1,979,828
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Employee
contributions
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3,447,659
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|
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|
3,161,472
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Employer
contributions
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558,432
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|
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561,518
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Total
additions
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9,525,207
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5,702,818
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DEDUCTIONS:
|
|
|
|
|
|
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Benefit
payments
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|
2,842,476
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2,928,866
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Net
transfers
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|
|
418
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|
1,089
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|
|
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|
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NET
CHANGE
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|
6,682,313
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|
2,772,863
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NET
ASSETS AVAILABLE FOR BENEFITS — End of year
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|
$ |
36,258,547
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|
|
$ |
29,576,234
|
|
|
|
|
|
|
|
|
|
|
See
notes to financial statements.
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NOTES
TO FINANCIAL STATEMENTS
AS
OF AND FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
1.
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DESCRIPTION
OF THE PLAN
|
The
following brief description of the Century Aluminum 401(k) Plan (the “Plan”) is
provided for general information purposes only. Participants should refer to
the
Plan document for more complete description of the Plan’s provisions. The Plan
is subject to the provisions of the Employee Retirement Income Security Act
of
1974 (ERISA).
General—
The Plan, established June 1, 1989, is a defined contribution plan for all
salaried employees of Century Aluminum Company (the “Company”), Century Aluminum
of West Virginia, Inc., all salaried and hourly employees of Century Aluminum
of
Kentucky, LLC and all other employees who are not covered by a collective
bargaining agreement with the Company. Effective January 3, 2006, the Company
elected to change its trustee to T. Rowe Price. During 2005, the Plan’s trustee
was Mercer Trust Company.
Contributions—
Plan participants can elect to have the Company defer up to 100% of their
compensation subject to limitations as determined by Internal Revenue Service
regulations for the purpose of making pre-tax contributions to the Plan. Annual
plan pre-tax contributions were limited to $15,000 and $14,000 for 2006 and
2005, respectively; participants 50 years of age or over may make
additional catch-up contributions of $5,000 and $4,000 for 2006 and 2005,
respectively.
The
Company makes matching contributions equal to 60% of the aggregate contributions
made by each participant on the first 6% of their annual compensation.
Contributions made by the Company are allocated 50% to Century Aluminum Company
Stock and 50% by fund in proportion to the participants’ contribution
election.
Vesting—
Plan participants are always fully vested in employee pre-tax contributions made
to the Plan. Pre-tax participant contributions are nonforfeitable. Company
contributions are fully vested following the completion of two years of service
for all participants.
Participant
Accounts— Participants may elect to have pre-tax participant
contributions invested in one or all of the funds listed in Note 3 and Century
Aluminum Company Stock. Subject to provisions in the Plan, participants are
entitled to distributions upon reaching age 59-1/2, or earlier in the case
of
retirement, death, termination, or hardship.
Participant
Loans— Participants may borrow from their fund account a minimum
of $1,000 to a maximum amount of: (1) $50,000 or 50% of their vested
account balance, whichever is less.
Loan
transactions are treated as a transfer to (from) the investment fund from (to)
the Participant Loan Fund. Loan terms range from 1–5 years or up to 25 years for
the purchase of a primary residence. The loans bear interest at the prime
interest rate plus 1% as determined quarterly by the Plan administrator.
Principal and interest is paid ratably through monthly payroll
deductions.
Forfeited
Accounts— In 2006, employer contributions were reduced by $3,249
from forfeited nonvested accounts. There were no forfeited employer
contributions from unvested accounts in 2005.
2.
|
SUMMARY
OF SIGNIFICANT ACCOUNTING
POLICIES
|
The
accompanying financial statements have been prepared in accordance with
accounting principles generally accepted in the United States of America
(GAAP).
Adoption
of New Accounting Guidance— The Plan’s financial statements
reflect the retroactive adoption of Financial Accounting Standards Board Staff
Position, FSP AAG INV-1 and SOP 94-4-1, Reporting of Fully
Benefit-Responsive Contracts Held by Certain Investment Companies Subject to
the
AICPA Investment Company Guide and Defined-Contribution Health and Welfare
and
Pension Plans (the “FSP”). As required by the FSP, the statements of net
assets available for benefits presents investment contracts at fair value as
well as an additional line item showing an adjustment of fully
benefit-responsive contracts from fair value to contract value. The statement
of
changes in net assets available for benefits is presented on a contract value
basis and was not affected by the adoption of the FSP. The adoption of the
FSP
did not impact the amount of net assets available for benefits at
December 31, 2005.
Investment
Valuation and Income Recognition— The Plan’s investments are
reported at fair value. Investments in mutual funds are stated at the funds’ net
asset values per share on the last business day of the Plan’s year-end.
Investments in common stock of Century Aluminum Company are valued at the last
reported sales price on the last business day of the year. Participant loans
are
valued at cost, which approximates fair value. See Note 4 for a discussion
of
the valuation of the investments in the guaranteed investment
contracts.
Purchases
and sales of securities are recorded on a trade-date basis. Investment income
is
recorded on the accrual basis. Dividends are recorded on the ex-dividend
date.
Management
fees and operating expenses charged to the Plan for investments in the mutual
funds are deducted from income earned on a daily basis and are not separately
reflected. Consequently, management fees and operating expenses are reflected
as
a reduction of net appreciation in the fair market value of such
investments.
Use
of Estimates— The preparation of financial statements in
accordance with accounting principles generally accepted in the United States
of
America requires Plan management to make estimates and assumptions that affect
the reported amounts of net assets available for benefits and changes therein.
Actual results could differ from those estimates.
Administrative
Expenses— Administrative expenses of the Plan are paid by the
Company.
During
2006, the investment election options available to participants were the
following mutual funds with T. Rowe Price as listed in the table below. During
the 2005 plan year, with Mercer Trust Company as trustee, the investment
election options available to participants were the following mutual
funds:
2006
|
2005
|
|
|
American
Growth Fund of America
|
Putnam
Vista Fund
|
Balanced
Fund
|
George
Putnam Fund of Boston
|
Total
Equity Market Index Fund
|
Vanguard
Total Stock Fund
|
Goldman
Sachs Mid Cap Value A Fund
|
Putnam
Money Market Fund
|
International
Growth and Income Fund
|
Putnam
International Equity Fund
|
Rainier
Small/Mid Cap Equity Portfolio
|
American
Funds Growth Fund
|
New
Horizons Fund
|
Putnam
Diversified Income Trust
|
PIMCO
Total Return Fund
|
PIMCO
Total Return Fund
|
Loomis
Sayles Small Cap Value Fund
|
Loomis
Small Cap Value Fund
|
Equity
Income Fund
|
Putnam
Equity Income Fund
|
Spectrum
Income Fund
|
Putnam
Research Fund
|
T.
Rowe Price Stable Value Fund
|
|
In
addition, participants may elect to invest in the common stock of Century
Aluminum Company.
As
of
December 31, 2006 and 2005, the fair value of investments that represent 5%
or more of net assets available for benefits are as follows:
|
|
2006
|
|
|
2005
|
|
|
|
|
|
|
|
|
Rainier
Small/Mid Cap Equity Portfolio
|
|
$ |
6,664,129
|
|
|
|
|
International
Growth and Income Fund
|
|
|
4,368,703
|
|
|
|
|
Balanced
Fund
|
|
|
4,060,783
|
|
|
|
|
Century
Aluminum Company Stock *
|
|
|
3,885,084
|
|
|
$ |
3,177,148
|
|
T.
Rowe Price Stable Value Fund
|
|
|
3,680,441
|
|
|
|
|
|
Total
Equity Market Index Fund
|
|
|
3,541,424
|
|
|
|
|
|
American
Growth Fund of America
|
|
|
2,837,184
|
|
|
|
|
|
Putnam
Vista Fund
|
|
|
|
|
|
|
5,801,106
|
|
George
Putnam Fund of Boston
|
|
|
|
|
|
|
3,391,984
|
|
Vanguard
Total Stock Fund
|
|
|
|
|
|
|
3,039,706
|
|
Putnam
Money Market Fund
|
|
|
|
|
|
|
3,424,308
|
|
Putnam
International Equity Fund
|
|
|
|
|
|
|
2,737,214
|
|
American
Funds Growth Fund
|
|
|
|
|
|
|
2,352,982
|
|
|
|
|
|
|
|
|
|
|
* Includes
nonparticipant directed investments of $1,553,220 at December 31,
2005. The balance of Century Aluminum Company stock at December 31,
2006 cannot be segregated between participant directed and nonparticipant
directed investments. See Note 5 for additional
information
|
|
During
the years ended December 31, 2006 and 2005, the Plan’s investments
(including gains and losses on investments bought and sold, as well as held
during the year) appreciated in value by $4,201,089 and $1,265,568,
respectively.
|
|
2006
|
|
|
2005
|
|
|
|
|
|
|
|
|
Mutual
Funds
|
|
$ |
2,144,812
|
|
|
$ |
1,145,044
|
|
Century
Common Stock
|
|
|
2,056,277
|
|
|
|
120,390
|
|
Money
Market/Stable Value Funds
|
|
|
--
|
|
|
|
134
|
|
Total
|
|
$ |
4,201,089
|
|
|
$ |
1,265,568
|
|
4.
|
GUARANTEED
INVESTMENT CONTRACTS
|
Employee
contributions to guaranteed investment contract funds are maintained by T.
Rowe
Price within the T. Rowe Price Stable Value Fund. The Plan did not offer any
guaranteed investment contract funds as fund options during 2005. Participant
contributions and rates of return are guaranteed by T. Rowe Price. The accounts
are credited with interest earnings on the underlying investments and charged
for Plan withdrawals. The guaranteed investment contracts with T. Rowe Price
are
benefit responsive contracts and therefore, are included in the Plan’s financial
statements at contract value. Participants may ordinarily direct the withdrawal
or transfer of all or a portion of their investment at contract
value.
The
difference between the fair value and contract value of the Stable Value Fund
at
December 31, 2006, is shown below. There are no reserves against contract
value for credit risk of the contract issuer or otherwise.
|
|
2006
|
|
|
|
|
|
Stable
Value Fund at fair value
|
|
$ |
3,680,441
|
|
Stable
Value Fund (at contract value)
|
|
|
3,711,993
|
|
Adjustment
to contract value
|
|
$ |
(31,552 |
) |
The
average yield and interest crediting rate for 2006, was as follows.
|
|
2006
|
|
Average
yield:
|
|
|
|
Based
on annualized earnings (1)
|
|
|
4.79 |
% |
Based
on interest rate credited to participants (2)
|
|
|
4.68 |
% |
(1)
|
Computed
by dividing the annualized one-day GAAP earnings of the fund’s
December 31, 2006 investments (irrespective of the interest rate
credited to the unitholders in the fund) by the fair value of its
investments on that date.
|
(2)
|
Computed
by dividing the annualized one-day earnings credited to the unitholders
on
December 31, 2006 (irrespective of the actual earnings of the
investments in the fund), by the fair value of the fund’s investments on
that date.
|
5.
|
NONPARTICIPANT
DIRECTED INVESTMENTS
|
As
described in Note 1, the Plan includes nonparticipant directed investments
which
relate to the Company matching contributions allocated to Century Aluminum
Company stock (see Note 2 for information concerning fair value of the
investments). The participant may reallocate their investment in Company stock
at any time, subject to any applicable securities law restrictions. Information
about the net assets and the changes in the net assets relating to the Plan’s
nonparticipant directed investments as of December 31, 2005, and for the
year then ended is as follows:
|
|
December
31, 2005
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS — Nonparticipant directed investments in
Century Aluminum common stock
|
|
$ |
1,553,220
|
|
|
|
|
|
|
|
|
Year
Ended
|
|
|
|
December
31, 2005
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS — Beginning of year
|
|
$ |
1,673,042
|
|
|
|
|
|
|
ADDITIONS: |
|
|
|
|
|
|
|
|
|
Net
appreciation in fair value
|
|
|
34,333
|
|
|
|
|
|
|
Net
investment income
|
|
|
34,333
|
|
|
|
|
|
|
Employer
contributions
|
|
|
280,769
|
|
|
|
|
|
|
Total
additions
|
|
|
315,102
|
|
|
|
|
|
|
DEDUCTIONS:
|
|
|
|
|
Benefit
payments
|
|
|
157,583
|
|
Net
transfers
|
|
|
277,341
|
|
|
|
|
|
|
Total
deductions
|
|
|
434,924
|
|
|
|
|
|
|
NET
CHANGE
|
|
|
(119,822 |
) |
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS — End of year
|
|
$ |
1,553,220
|
|
As
of
January 1, 2006, with the change in trustee to T. Rowe Price, the trustee is
not
able to segregate the balance or activity in the Century Aluminum Company stock
fund as participant directed versus nonparticipant directed. The following
represents information regarding the net assets and the changes in the net
assets relating to the Century Aluminum Company stock fund as of
December 31, 2006, and for the year then ended:
|
|
December
31, 2006
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS — Nonparticipant directed investments in
Century Aluminum common stock
|
|
$ |
3,885,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
Ended
|
|
|
|
December
31, 2006
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS — Beginning of year
|
|
$ |
3,180,138
|
|
|
|
|
|
|
ADDITIONS |
|
|
|
|
|
|
|
|
|
Net
appreciation in fair value
|
|
|
2,056,277
|
|
|
|
|
|
|
Net
investment income
|
|
|
2,056,277
|
|
|
|
|
|
|
Employee
contributions
|
|
|
193,801
|
|
Employer
contributions
|
|
|
290,384
|
|
|
|
|
|
|
Total
additions
|
|
|
2,540,462
|
|
|
|
|
|
|
DEDUCTIONS:
|
|
|
|
|
Benefit
payments
|
|
|
219,028
|
|
Net
transfers
|
|
|
1,616,488
|
|
|
|
|
|
|
Total
deductions
|
|
|
1,835,516
|
|
|
|
|
|
|
NET
CHANGE
|
|
|
704,946
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS — End of year
|
|
$ |
3,885,084
|
|
The
Company has no intention to discontinue or terminate the Plan. However, the
Company has reserved the right to amend or terminate the Plan in whole or in
part. In the event the Plan terminates, the participants become fully vested
in
their accounts and the net assets of the Plan will be allocated in accordance
with provisions of ERISA and its related regulations.
7.
|
EXEMPT
PARTY-IN-INTEREST
TRANSACTIONS
|
Certain
Plan investments are shares of mutual funds managed by T. Rowe Price. Since
January 3, 2006, T. Rowe Price was the trustee as defined by the Plan, and
therefore, these transactions qualified as party-in-interest transactions.
In
addition, certain Plan investments are shares of Century Aluminum Company.
Century Aluminum Company is a related party of the Plan sponsor, and therefore,
these transactions qualify as exempt party-in-interest
transactions.
8.
|
RISKS
AND UNCERTAINITIES
|
The
Plan
utilizes various investment instruments, including mutual funds, guaranteed
investment contracts and Century Aluminum Company Stock. Investment securities,
in general, are exposed to various risks, such as interest rate, credit, and
overall market volatility. Due to the level of risk associated with certain
investment securities, it is reasonably possible that changes in the values
of
investment securities will occur in the near term and those changes could
materially affect the amounts reported in the financial statements.
9.
|
FEDERAL
INCOME TAX STATUS
|
The
Internal Revenue Service has determined and informed the Company by a letter
dated April 2, 2003, that the Plan and related trust are designed in
accordance with applicable regulations of the Internal Revenue Code (IRC).
The
Company and the Plan administrator believe that the Plan is currently designed
and operated in compliance with the applicable requirements of the IRC and
the
Plan and related trust continue to be tax-exempt. Therefore, no provision for
income taxes has been included in the Plan’s financial statements.
10.
|
RECONCILIATION
OF FINANCIAL STATEMENTS TO FORM
5500
|
The
following is a reconciliation of net assets available for benefits per the
financial statements to the Form 5500 as of December 31, 2006.
|
|
2006
|
|
|
|
|
|
Net
assets available for benefits per financial statements
|
|
$ |
36,258,547
|
|
Adjustment
from fair value to contract value for fully benefit-responsive investment
contracts
|
|
|
31,552
|
|
Net
assets available for benefits per Form 5500
|
|
$ |
36,226,995
|
|
******
SUPPLEMENTAL
SCHEDULE
CENTURY
ALUMINUM 401(k) PLAN
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FORM
5500 — SCHEDULE H, PART IV, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF
YEAR)
|
|
|
|
|
AS
OF DECEMBER 31, 2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identity
of Issue, Borrower, Lessor, or Similar Party
|
Description
of Investment
|
|
Shares
|
|
|
Cost
|
|
|
Current
Value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
T.
Rowe Price
|
Rainier
Small/Mid Cap Equity Portfolio
|
|
|
181,732
|
|
|
$ |
6,239,520
|
|
|
$ |
6,664,129
|
|
|
*
|
|
T.
Rowe Price
|
International
Growth and Income Fund
|
|
|
248,222
|
|
|
|
3,735,180
|
|
|
|
4,368,703
|
|
|
*
|
|
T.
Rowe Price
|
Balanced
Fund
|
|
|
190,737
|
|
|
|
3,840,687
|
|
|
|
4,060,783
|
|
|
*
|
|
Century
Aluminum Company
|
Century
Aluminum Company Stock
|
|
|
87,012
|
|
|
|
1,802,862
|
|
|
|
3,885,084
|
|
|
*
|
|
T.
Rowe Price
|
T.
Rowe Price Stable Value Fund
|
|
|
3,711,993
|
|
|
|
3,711,993
|
|
|
|
3,680,441
|
|
|
*
|
|
T.
Rowe Price
|
Total
Equity Market Index Fund
|
|
|
231,466
|
|
|
|
3,189,827
|
|
|
|
3,541,424
|
|
|
*
|
|
T.
Rowe Price
|
American
Growth Fund of America
|
|
|
86,315
|
|
|
|
2,702,765
|
|
|
|
2,837,184
|
|
|
*
|
|
T.
Rowe Price
|
Spectrum
Income Fund
|
|
|
139,586
|
|
|
|
1,655,506
|
|
|
|
1,701,552
|
|
|
*
|
|
T.
Rowe Price
|
Equity
Income Fund
|
|
|
43,620
|
|
|
|
1,174,240
|
|
|
|
1,288,982
|
|
|
*
|
|
T.
Rowe Price
|
Loomis
Sayles Small Cap Value Fund
|
|
|
44,700
|
|
|
|
1,152,226
|
|
|
|
1,174,261
|
|
|
*
|
|
T.
Rowe Price
|
PIMCO
Total Return Fund
|
|
|
95,780
|
|
|
|
1,002,082
|
|
|
|
994,198
|
|
|
*
|
|
T.
Rowe Price
|
Goldman
Sachs Mid Cap Value A Fund
|
|
|
11,496
|
|
|
|
423,639
|
|
|
|
444,094
|
|
|
*
|
|
T.
Rowe Price
|
New
Horizons Fund
|
|
|
8,007
|
|
|
|
267,052
|
|
|
|
258,549
|
|
|
*
|
|
T.
Rowe Price
|
Cash
and cash equivalents
|
|
|
|
|
|
|
927
|
|
|
|
927
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,898,506
|
|
|
|
34,900,311
|
|
|
*
|
|
Participants
|
Loan
Fund — (with maturity dates through 2014 at interest rates ranging from
4.00% to 8.25%)
|
|
|
|
|
|
|
1,251,362
|
|
|
|
1,251,362
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
|
|
|
|
|
$ |
32,149,868
|
|
|
$ |
36,151,673
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Party-in-interest.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pursuant
to the requirements of the Securities Exchange Act of 1934, Century Aluminum
Company has duly caused this annual report on Form 11-K to be signed on its
behalf by the undersigned thereunto duly authorized.
|
CENTURY
ALUMINUM 401(k) PLAN
|
|
BY: /s/
Michael A.
Bless
|
|
Michael
A. Bless
|
|
Executive
Vice President, Chief Financial Officer, Member of Retirement
Committee
|
|
Century
Aluminum Company
|
|
DATE:
June 29, 2007
|
EXHIBIT
INDEX
Exhibit
No.
|
|
Exhibit
Description
|
|
|
|
23.1
|
|
Consent
of Independent Registered Public Accounting
Firm
|