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Valentin V. Proskurnya is Chairman of our Board of Directors. He has held this position since July 2007. He has been a member of our Board of Directors since March 2003. From 2004 to April of 2005, Mr. Proskurnya was a member of the Board of Directors of Magnitogorsk Metallurgical Plant. From January 2001 to March 2002, Mr. Proskurnya served as General Director of Mechel Trading House. From 1998 to 2001, Mr. Proskurnya served as the First Deputy Director of Southern Kuzbass Coal Company, in charge of economic and financial analysis. Mr. Proskurnya has over 37 years of engineering, financial and management experience in the coal mining industry and holds a degree in labor economics from the Higher School of Trade Unions. Mr. Proskurnya has been decorated with all three grades of the Miner’s Glory order by the Russian government. In addition, in 1996, the Russian government awarded him the title of Honorable Economist of the Russian Federation. | 