Interfax reported that Mr Mikhail Prokhorov has been re elected as chairman of the board of directors at Polyus Gold.

A source at Prokhorov's Onexim Group told Interfax the new board chairman met with company management immediately after his election to discuss the company's development strategy.

Mr Prokhorov will also head the strategy committee created in May 2008. An independent director, Mr Valery Braiko was named to chair the audit committee, and another independent director, Mr Robert Buchan was appointed head of the personnel and compensation committee.

Aside from Mr Prokhorov, Mr Braiko and Mr Buchan, the members of the new board elected at the shareholders' meeting on June 26th are
1. Lord Patrick Gillford
2. Mr Yevgeny Ivanov
3. Mr Andrei Klishas
4. Mr Valery Rudakov
5. Mr Yekaterina Salnikova
6. Mr Yevgeny Yarovikov.