Polyus Zoloto OAO (Polyus Gold OJSC) is a Russia-based company, which is involved in the mining and production of gold. It was formed in March 2006, as a result of the spin-off of MMC Norilsk Nickel’s gold mining assets. The Company’s operating mines and exploration projects are located in such gold mining regions of Russia: Krasnoyarsk, Irkutsk, Magadan and Amur Regions, as well as the Republic of Sakha (Yakutiya), Kazakhstan, Romania and Kyrgyzstan. It operates through one wholly owned subsidiary, Polyus Zoloto ZAO. The Company’s major shareholder is Polyus Gold International Limited with a stake of 92.95%.