MOSCOW, December 25. /TASS/. The board of directors of Nornickel approved the company's budget for 2024, including capital investments of about $3.6 bln, according to the company's statement.

"Next year, Norilsk Nickel will continue to implement a strategy of moderate growth and sustainable development, which includes key investment projects for growth in the field of production and processing, modernization and replacement of equipment, aimed at increasing the level of industrial safety and labor protection, updating the energy and fuel infrastructure, as well as reducing the harmful impact on the environment, primarily the Sulfur Program," the statement said.

At the same time, Nornickel said it paid the windfall tax ahead of schedule in October, with the figure reaching 8.2 bln rubles ($88.72 mln). "In 2023, Norilsk Nickel exercised the right to early payment of an additional tax levy (the so-called windfall tax), paying 8.2 bln rubles in October," the statement said.