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: the Krasnoyarsk, Irkutsk, Magadan and Amur Regions, as well as the Republic of Sakha (Yakutiya), Kazakhstan, Romania and Kyrgyzstan. The Company has such direct and indirect subsidiaries as Polyus ZAO, OJSC Matrosov Mine, OJSC Aldanzoloto GRK and Svetlyi ZAO, among others. As of December 31, 2011, the Company�s major shareholder was Polyus Gold International Limited with a stake of 92.95%.