As it has been reported by the press service of the company, on May 29, 2006 the regular meeting of OJSC Polyus Gold Board of Directors took place in Moscow.

Polyus Gold Board gave its approval for the company's investment projects: development of Verninskoye gold deposit in Irkutsk region as well as the company's geological exploration programme designed till 2010. The programme totals $368 mln.

The Board also reviewed the draft version of the company's financial statement for 2005 and gave its approval on Polyus Gold budget and business plan for the year 2006.

Chairman of the Polyus Gold Board, General Director of MMC Norilsk Nickel Mikhail Prokhorov said that "the meeting demonstrated high level of involvement of all the directors into the decision making process and their commitment to promoting Polyus Gold as a world class public company".

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