Polyus Gold's board to decide on AGM date on April 10
MOSCOW. April 6 (Interfax) - The board of directors at OJSC Polyus Gold will meet on April 10 and vote on when to call the company's annual shareholder meeting, the company said citing a decision of the board's chairman on Friday.
The proposed date for closing the shareholder register for taking part in the annual meeting, where the owners will vote on dividends for 2011, is April 18.
PGIL (formerly KazakhGold) controls 95.3% in Polyus Gold following an RTO transaction in 2011. Polyus Gold is Russia's leading gold production company, which develops ore and place deposits in the Krasnoyarsk Territory, Irkutsk, Magadan, and Amur regions, as well as Yakutia. The company also has operations in Kazakhstan, Romania and Kyrgyzstan, which previously belonged to KazakhGold. PGIL produced 1.5 million ounces of gold in 2011, including 117,000 ounces in Kazakhstan.