Doubled tax income from Kola GMK
Norilsk-Nickel’s division on the Kola Peninsula paid 6,6 billion roubles (€171 million) in tax to Murmansk Oblast in 2010.
The tax payment to the regional budget is near doubled over the last year, from 3,3 billion roubles (€85 million) in 2009, reports Kola Mining Metallurgical Company’s own newspaper Kolskii Nikel (pdf).
Kola GMK operates nickel and copper mines and a pellets plant in Zapolyarny and smelting plants in Nikel and Monchegorsk. It is the largest private company on Russia’s Kola Peninsula and the tax payment is important for Murmansk Oblast’s regional budget.
As previously reported by BarentsObserver, Norilsk-Nickel’s overall revenue for 2010 is expected to reach some €11 billion.
