November 2001 News

IN THE NEWS
November 2001

November 30

Deal Struck on Mexican Truck Access Washington Post
As part of George Bush's efforts to improve relations with Mexico, Bush had issued rules in May under which Mexican trucks could begin long-haul deliveries across the board in January.

November 16

Some NW aluminum smelters may not restart, analyst says Seattle Times
Production cuts resulting from a power shortage and energy rationing appear likely to remain in place at least through 2003, according to aluminum analyst Lloyd O'Carroll of BB&T Capital Markets.

Kaiser Aluminum Extends Credit Agreement
The extension of the borrowing-based Credit Agreement provides the company with continued financial flexibility, including the ability to borrow amounts necessary to supplement cash resources to retire the $177 million of 9-7/8% Senior Notes remaining outstanding on or before their maturity date on Feb. 15, 2002.

November 14

Rosie Miller: Staying busy, but time for family Seattle PI
Today, she and hundreds of other former Kaiser employees are riding out the sliding economy on unemployment and residual pay provided through their Steelworkers union contracts.

November 12

Some US aluminum plants may never reopen
It was ``very likely'' that there would be no production for Kaiser's two smelters beyond that, and ``some probability that the smelters would never run again,'' O'Carroll said in an update on aluminum market fundamentals.

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