Francis R. McAllister became a director of the Company on January 9, 2001 and the Chairman of the Board and Chief Executive Officer of the Company on February 12, 2001. Prior to his appointment to the Board, Mr. McAllister was with ASARCO Incorporated from 1966 to 1999, serving as Chairman and Chief Executive Officer in 1999, Chief Operating Officer from 1998 to 1999, Executive Vice President -- Copper Operations from 1993 to 1998, Chief Financial Officer from 1982 to 1993 and in various professional and management positions from 1966 to 1982. He currently serves on the Board of Directors of Cliffs Natural Resources, Inc. (f/k/a Cleveland Cliffs, Inc.), an iron ore mining company. Mr. McAllister received his MBA from New York University, his Bachelor of Science - Finance from the University of Utah, and attended the Advanced Management Program at Harvard Business School.

Norimet Nominees

Each of the directors set forth below was nominated to the Board by Norimet Limited and has been a director of the Company pursuant to the Company's Stockholders Agreement with Norimet and Norilsk Nickel.

Craig L. Fuller, the president and chief executive officer of the Aircraft Owners and Pilots Association (AOPA), is based in the organization’s headquarters in Frederick, Maryland. Mr. Fuller leads the largest general aviation membership organization in the world with more than 416,000 individual members. AOPA publishes the largest general aviation magazine, operates the largest general aviation insurance company and utilizes the internet with the largest general aviation electronic publications.

Mr. Fuller was executive vice president of APCO Worldwide prior to joining AOPA and was based in APCO’s Washington, D.C., office. He remains a member of the APCO Worldwide International Advisory Council.

Mr. Fuller is former president and chief executive officer of the National Association of Chain Drug Stores. While he was with the organization, he worked on major health care policy issues with 200 leading retail organizations and 1,000 manufacturers and suppliers to the industry. He worked with the primary providers of outpatient prescription drugs in the United States, dispensing about 70 percent of the 3.1 billion prescriptions that are provided each year.

In 1981, when he first arrived in Washington, D.C., Mr. Fuller served for eight years in the White House as assistant to President Reagan for cabinet affairs and then as chief of staff to Vice President George H.W. Bush. He later served as co-director of President-elect Bush’s transition team.

Upon leaving the White House to enter the private sector, Mr. Fuller joined The Wexler Group, later acquired by Hill & Knowlton, where he served as president of its U.S. operations and head of worldwide public affairs. In 1992, he was named senior vice president for corporate affairs at Philip Morris Companies. He also led the board of directors practice at Korn/Ferry International and served as vice chairman of Burson-Marsteller.

With regular interviews on politics and public affairs, as well as weekly and monthly online columns, Mr. Fuller is a frequent commentator and speaker on a wide range of topics. He also serves on the board of Stillwater Mining Company and is a director of the United States Chamber of Commerce and the National Chamber Foundation. Additionally, he is a trustee of the George Bush Presidential Library Foundation, and served for 10 years as a trustee of the John F. Kennedy Center for the Performing Arts.

Mr. Fuller earned his Bachelor of Science in Political Science from the University of California at Los Angeles and a master’s degree in Urban Affairs from Occidental College.

Steven S. Lucas is a partner at Nielsen, Merksamer, Parrinello, Mueller & Naylor, a law firm based in California. He joined Nielsen, Merksamer, Parrinello, Mueller & Naylor in 1995 and has been a partner since 1999. Mr. Lucas was an attorney at Sullivan & Cromwell from 1991 to 1995. He received his law degree, magna cum laude, from Harvard Law School in 1990, and a B.A. in economics/business, magna cum laude, from UCLA in 1987.

Michael Schiavone was elected a director of the Company on January 26, 2009. He has an extensive background in the metals recycling business, and since 2001, he has been involved in real estate and property investment. In 1963, he joined the family business, Michael Schiavone & Sons, Inc. He served as Chairman of the Board and Chief Executive Officer from 1972 to 1999. He previously owned Schiavone Metalli Europa, and was with Camden Iron & Metal, Inc. for 26 years until 1995. Mr. Schiavone was a director of New Haven Boys & Girls Club from 1980 until 1995. He holds a Bachelor of Arts degree from Boston University.

Mark Vandyke Sander was elected a director of the Company on August 5, 2009.  He is a co-founder of and partner in Natural Resource Investors, which brings together contrarian investors and natural resource distressed assets to create value over the commodity cycle.  He was founder and from 2007 to 2008 served as Executive Consultant at Integrity Leadership Systems; prior to that he was with Greene, Tweed and Co., as Director of Strategic Planning, Performance and Learning.  In 1981, he began his career as an exploration geologist in Nevada.  He received a Ph.D. in Ore Deposits and Exploration from Stanford University in 1988.

Ajay Paliwal was elected a director of the Company on September 21, 2009. He is a chartered accountant based in the United Kingdom. He is a founder of Jiva Capital, a firm dedicated to private equity and advisory services in the global mining and metals sector. Until August 2008 Ajay was Group Deputy CFO of Vedanta Resources plc and between 2002 and 2005 he led Ernst & Young's UK mining transaction business. Prior to that Ajay spent eleven years at PricewaterhouseCoopers. He holds a BEng (Hons) in Chemical Engineering from the University College of London.

Public Directors

Each of the directors set forth below was nominated to be elected as a Public Director. In accordance with the Company's Stockholders Agreement with Norimet and Norilsk Nickel, each Public Director (i) may not be an officer, employee or director of Norimet and Norilsk Nickel, or any of its affiliates, (ii) must meet the requirements set forth in Sections 303.01(B)(2)(a) and (B)(3) of the listing requirements of the NYSE, as may be amended from time to time, and (iii) must meet such other requirements regarding the independence of directors as may be applicable to the Company.

Patrick M. James was appointed a director of the Company on January 9, 2001 and has served as the Company's lead independent director since July 24, 2002. Since March 2001, Mr. James has been an independent professional corporate director. Mr. James was the President and Chief Executive Officer of Rio Algom Limited from June 1997 to March 2001. Prior to joining Rio Algom Limited, Mr. James spent 18 years with Santa Fe Pacific Gold Corporation, becoming President and Chief Operating Officer in 1994 and Chairman, President and Chief Executive Officer in 1995. Mr. James was a director of Dynatec Corporation, a Canadian nickel mining company from 2001 until its sale in 2007. He was Chairman, and director of Constellation Copper Corporation, a Canadian base metal mining company from 2002 to 2008, and also President and Chief Executive Officer from 2007 to 2008. He also served on the advisory board for Resource Capital Funds III and IV, mining investment funds from 2005 to 2008. He is now Chairman and a director of Centerra Gold Inc., a Canadian gold mining company, majority held by Cameco Corporation. He received a Masters of Management from the University of New Mexico in 1984, and an Engineer of Mines from Colorado School of Mines in 1968.

Michael S. Parrett was elected to the Board on May 7, 2009.  Mr. Parrett has been an independent consultant since 2002.  During 2003, 2004 and the first quarter of 2005 Mr. Parrett served as a financial consultant to the Stillwater Mining Company.  From 1990-2001 he was Chief Financial Officer, President of Rio Algom and Chief Executive of Billiton Base Metals.  From 1983-1989 Mr. Parrett performed various financial functions, including Controller, CFO, Treasurer, Controller Marketing and Director Internal Audit at Falconbridge Limited.  He has served as a chairman at Gabriel Resources since December 2005 and on the Board of Directors of Fording Coal Limited from 2003 to 2008 and Pengrowth Corporation since 2004.  Mr. Parrett is a Chartered Accountant and received his Bachelor of Arts from York University.

Sheryl K. Pressler has been a director of the Company since May 9, 2002. Ms. Pressler has been an investment and strategy consultant in Atlanta, Georgia since 2001. From 2000 to 2001, she was Chief Executive Officer for Lend Lease Real Estate Investments -- United States, a subsidiary of Lend Lease Corporation, an Australian real estate services company. From 1994 to 2000, she was the Chief Investment Officer for the California Public Employees' Retirement System, the nation's largest public pension fund. From 1981 to 1994, she was responsible for the management of the Retirement Funds for the McDonnell Douglas Corporation. Ms. Pressler has served on the Board of Directors of ING Funds Unified since 2006 and on the Board of Directors of Centerra Gold since 2008. Ms. Pressler was a director of Nuevo Energy Company from 2002 until 2004. Ms. Pressler received her B.A. in philosophy from Webster University and her M.B.A. from Washington University.