PLZL.L Regulatory News (PLZL)

27 May 2009 17:10



OJSC Polyus Gold (RTS, MICEX and LSE - PLZL), Russia's leading gold producer, today announced the decisions taken at  the Meeting of the Board of Directors held on May 27, 2009. 

Mikhail Prokhorov was elected Chairman of the Board. 

Alexander Мosionzhik - Deputy Chairman of the Board.

The Board also elected the members of the Board's committees:

Audit Committee - Lord Patrick Gillford (Сhairman), Andrey Rodionov, Ekaterina Salnikova. Strategy Committee - Mikhail Prokhorov (Сhairman), Evgeny Ivanov, Alexander Мosionzhik. Staff and Remuneration Committee - Zumrud Rustamova (Сhairman), Pavel Grachev, Ekaterina Salnikova. 

The Board of Directors also noted the report on the Audit of Technical and Operational Aspects at Olimpiada Mine and Production Facilities conducted by Hatch. As a result of the Audit initiated by the Board, Hatch developed recommendations to increase the efficiency of Olimpiada mine.

OJSC Polyus Gold is Russia's leading gold producer and one of the world's largest gold companies in terms of market capitalization, minerals base and output. The Company's asset portfolio includes ore and alluvial deposits in Krasnoyarsk Territory, Irkutsk, Magadan and Amur Oblasts and Republic of Sakha (Yakutia). Gold production of OJSC Polyus Gold totaled 1,222m oz in 2008.

For further information please contact: Anton A. Arens, PR Director +7 (495) 641-3365 +7 (495) 544-5496pr@polyusgold.com 

Alexey V. Chernushkin, Director, CM and IR Evguenia V.Buydina, IR manager +7 (495) 641-3377 +7 (495) 785-4031 ir@polyusgold.com