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Subsequent events | 6 Months Ended
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Jun. 30, 2014
Subsequent Events [Abstract] |
Subsequent events | Subsequent events We have evaluated all subsequent events through the date the financial statements were issued. Sebree enters into a new collective bargaining agreement In July 2014, Century Sebree entered into a new collective bargaining agreement with the USWA for its employees at the Sebree smelter. The agreement is effective through October 28, 2019. Century reaches a settlement in three Vialco lawsuits In July 2014, we entered into a settlement with respect to certain matters related to the St. Croix Alumina Refinery. See Note 10 Commitments and contingencies - "Matters relating to the St. Croix Alumina Refining Facility" for additional information about the settlement. Century finalizes the Sebree acquisition working capital adjustment In July 2014, we reached a final determination of the applicable working capital adjustments for the Sebree acquisition. As a result, we recognized a gain, recorded in other income (expense) - net, of approximately $965 from the release of accrued amounts related to the acquisition. HS Orka seeks arbitration regarding its Helguvik power contract On July 10, 2014, HS Orka ehf, one of the contracted power suppliers to Helguvik, commenced arbitration proceedings against Nordural Helguvik seeking, among other things, an order declaring (i) that the conditions to the power contract have not been fulfilled and (ii) that the power contract is therefore no longer valid. Nordural Helguvik believes HS’ renewed claims are without merit and intends to defend itself against them.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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