OREANDA-NEWS. May 24, 2012. The meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter – MMC Norilsk Nickel or the Company) was held today.

The Company’s Board of Directors recommended the Annual General Meeting of Shareholders of MMC Norilsk Nickel (hereinafter AGM-2012) to approve the dividend payment of RUB 196 per each ordinary share, based on the results of its operations in 2011.

The Board of Directors additionally reviewed and approved the resolutions on AGM agenda items, which is to be held on June 29, 2012.

ABOUT MMC NORILSK NICKEL

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel’s shares are traded at MICEX-RTS. ADR’s on the Company’s shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.