OREANDA-NEWS. April 12, 2012. OJSC MMC Norilsk Nickel (herein after – MMC Norilsk Nickel, the Company or the Group) plans to allocate RUB 628 mil. in 2012 towards improvement of workplace social conveniences program, which is more than twice the amount allocated in 2011 (RUB 276 mil.), reported the press-centre of Norilsk Nickel.

The program has been functioning at the Group’s subsidiaries for several years and constitutes an important part of the Company’s social policy, aiming at improvement of employee working and leisure conditions, increase of their motivation and reduction of production costs.

The following subsidiaries are taking part in the Program – Polar Division and Polar Transportation Division, eight subsidiaries located in Norilsk Industrial Region, Kola MMC and Gipronickel Institute.

The Program covers sanitary and domestic facilities, catering, sports and recreational facilities as well as other objects.

Draft 5-year project development program, covering the period between 2012 and 2016, was developed in 2011, envisaging the approval of a corresponding budget in the first half of 2012. It is expected that approximately RUB 3 bn is to be allocated towards implementation of this program over the course of 5 years.