CENTURY ALUMINUM CO
SC 13G, 1997-02-12
ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                                (Amendment No. )*

                            CENTURY ALUMINUM COMPANY
                                (Name of Issuer)

                          Common Stock, $.01 par value
                         (Title of Class of Securities)

                                   156431 10 8
                                 (CUSIP Number)




* The remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).



<PAGE>


CUSIP No.  156431 10 8

- --------- ----------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   Glencore AG

- --------- ----------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a)[ ]
                                                                         (b)[ ]

- --------- ----------------------------------------------------------------------
   3      SEC USE ONLY


- --------- ----------------------------------------------------------------------
   4      CITIZEN OR PLACE OF ORGANIZATION

                   Switzerland

- --------- ----------------------------------------------------------------------
                            5    SOLE VOTING POWER

                                   -- 0 --

         NUMBER OF
                            ---- -----------------------------------------------
          SHARES            6    SHARED VOTING POWER

       BENEFICIALLY                  2,742,214
                            ---- -----------------------------------------------
      OWNED BY EACH         7    SOLE DISPOSITIVE POWER

        REPORTING                    -- 0 --
                            ---- -----------------------------------------------
          PERSON            8    SHARED DISPOSITIVE POWER

           WITH                       2,742,214
- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            2,742,214
- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

            Not Applicable
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW 9

            13.7%
- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

            CO
- ------- ------------------------------------------------------------------------
<PAGE>


CUSIP No.  156431 10 8

- --------- ----------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   Vialco Holdings Ltd.

- --------- ----------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a)[ ]
                                                                         (b)[ ]

- --------- ----------------------------------------------------------------------
   3      SEC USE ONLY


- --------- ----------------------------------------------------------------------
   4      CITIZEN OR PLACE OF ORGANIZATION

                   British Virgin Islands

- --------- ----------------------------------------------------------------------
                            5    SOLE VOTING POWER

                                   -- 0 --

        NUMBER OF
                            ---- -----------------------------------------------
          SHARES            6    SHARED VOTING POWER

       BENEFICIALLY                  5,182,786
                            ---- -----------------------------------------------
      OWNED BY EACH         7    SOLE DISPOSITIVE POWER

        REPORTING                    -- 0 --
                            ---- -----------------------------------------------
          PERSON            8    SHARED DISPOSITIVE POWER

           WITH                       5,182,786
- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            5,182,786
- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

            Not Applicable
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW 9

            25.9%
- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

            CO
- ------- ------------------------------------------------------------------------
<PAGE>


CUSIP No.  156431 10 8

- --------- ----------------------------------------------------------------------
   1      NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                   Glencore International AG

- --------- ----------------------------------------------------------------------
   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP               (a)[ ]
                                                                         (b)[ ]

- --------- ----------------------------------------------------------------------
   3      SEC USE ONLY


- --------- ----------------------------------------------------------------------
   4      CITIZEN OR PLACE OF ORGANIZATION

                   Switzerland

- --------- ----------------------------------------------------------------------
                            5    SOLE VOTING POWER

                                   -- 0 --

        NUMBER OF
                            ---- -----------------------------------------------
          SHARES            6    SHARED VOTING POWER

       BENEFICIALLY                  7,925,000
                            ---- -----------------------------------------------
      OWNED BY EACH         7    SOLE DISPOSITIVE POWER

        REPORTING                    -- 0 --
                            ---- -----------------------------------------------
          PERSON            8    SHARED DISPOSITIVE POWER

           WITH                       7,925,000
- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            7,925,000
- ------- ------------------------------------------------------------------------
10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

            Not Applicable
- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW 9

            39.6%
- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON

            CO
- ------- ------------------------------------------------------------------------
<PAGE>


ITEM 1.       (a)   Name of Issuer:

                    Century Aluminum Company

              (b)   Address of Issuer's Principal Executive Offices:

                    1200 Piedmont Avenue, Suite 200
                    P.O. Box 51130
                    Pacific Grove, CA  93950

ITEM 2.       (a)   Name of Person Filing:

                    (i)    Glencore AG

                    (ii)   Vialco Holdings Ltd.

                    (iii)  Glencore International AG

              (b)   Address of Principal Business Office:

                    The  following  is the  address  of the  principal  business
                    office of each of the filing persons:

                    Baarermattstrasse 3
                    P.O. Box 555
                    CH 6341
                    Baar
                    Switzerland

              (c)   Citizenship:

                    (i)    of Glencore AG:                Switzerland

                    (ii)   of Vialco Holdings Ltd.:       British Virgin Islands

                    (iii)  of Glencore International AG:  Switzerland

              (d)   Title of Class of Securities:

                     Common Stock, par value $.01 per share

              (e)   CUSIP Number:

                    156431 10 8

ITEM          3. If this  Statement  is filed  pursuant  to Rules  13d-1(b),  or
              13d-2(b), check whether the person filing is a:

              Not applicable.

ITEM 4.       Ownership

              (a)   As  of  December  31,  1996,   Glencore   International   AG
                    beneficially  owned an  aggregate  of  7,925,000  shares  of
                    Common  Stock,  of  which  2,742,214  shares  were  held  by
                    Glencore  AG  and  5,182,786  shares  were  held  by  Vialco
                    Holdings Ltd.
              (b)   As of December 31, 1996,  Glencore  International AG's stock
                    ownership  represented 39.6% of the total outstanding number
                    of  shares of  Common  Stock,  comprised  of  Glencore  AG's
                    holdings which  represented  13.7% of the total  outstanding
                    number of shares of Common Stock and Vialco  Holdings  Ltd's
                    holdings which  represented  25.9% of the total  outstanding
                    number of shares of Common Stock.
              (c)   Glencore International AG shares the power to vote 2,742,214
                    and  5,182,786  shares of the Common Stock with  Glencore AG
                    and Vialco Holdings Ltd., respectively. No filing person has
                    sole  power to vote or to  dispose  of any  shares of Common
                    Stock.

ITEM 5.       Ownership of Five Percent or Less of a Class

              Not applicable.

ITEM 6.       Ownership of More than Five Percent on Behalf of Another Person

              Not applicable.

ITEM 7.       Identification and Classification of the Subsidiary Which Acquired
              the Security Being Reported on By the Parent Holding Company

              Not applicable.

ITEM 8.       Identification and Classification of Members of the Group

              Not applicable.

ITEM 9.       Notice of Dissolution of Group

              Not applicable.

ITEM 10.      Certification

              Not applicable



<PAGE>


                                    Signature


         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

Date:    February 10, 1997
                                        Glencore AG


                                        By:  /s/ Willy R. Strothotte
                                           ----------------------------
                                                 Willy R. Strothotte



                                        Vialco Holdings Ltd.


                                        By:  /s/ Willy R. Strothotte
                                           ----------------------------
                                                 Willy R. Strothotte



                                        Glencore International AG


                                        By:  /s/ Peter Pestalozzi
                                           ----------------------------
                                                 Peter Pestalozzi




<PAGE>


                             JOINT FILING AGREEMENT


         Each of the undersigned  hereby agrees to the joint filing on behalf of
each of them of a statement on Schedule 13G (including  amendments thereto) with
respect to the common  stock,  par value  $0.01 per share,  of Century  Aluminum
Company.  This  Agreement may be executed in any number of  counterparts  all of
which taken together shall constitute one and the same instrument.
         IN WITNESS WHEREOF,  the undersigned hereby execute this Agreement this
10th day of February, 1997.

                                         Glencore International AG


                                         By:  /s/ Peter Pestalozzi
                                            ----------------------------
                                                  Peter Pestalozzi



                                         Glencore AG


                                         By:  /s/ Willy R. Strothotte
                                            ----------------------------
                                                  Willy R. Strothotte



                                         Vialco Holdings Ltd.


                                         By:  /s/ Willy R. Strothotte
                                            ----------------------------
                                                  Willy R. Strothotte



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