The meeting of the Board took place on December 14, 2007. The Board considered several issues, including determination of priority guidelines for 2008 and composition of MMK executive board.

The Board also decided to hold an EGSM on January 21, 2008 in the form of absentee voting to approve an interested party transaction. Voting papers will be collected by January 21, 2008 based on the list of eligible voters as of December 14, 2007.

The Board approved of establishing a branch office of MMK in the Belgorod region titled “Prioskol ore mining and processing plant”.