Mini Maritsa Iztok EAD is a 100% state-owned sole-proprietor joint-stock company, with one-tier system of management. The Company was established by Order No. 84/10.06.1993 of the Chairperson of the Energy Committee, and the new Company accepted the assets and liabilities of Mine Troyanovo-1 OOD, Mine Troyanovo-North OOD and Mine Troyanovo-3 OOD. The Company was registered by Decision No 2773/07.07.1993 of Stara Zagora District Court on company file No. 2444/1993.
The capital stock of Mini Maritsa Iztok EAD amounts to BGN 69,810,000 divided into 6,981,000 shares with a nominal value of BGN 10 each. The total amount of the capital stock was subscribed and fully paid by the state, represented by the Minister of Economy, Energy and Tourism. Mini Maritsa Iztiok EAD has been a subsidiary of the Bulgarian Energy Holding (BEH) since September 2008.
The subject of activity of Mini Maritsa Iztok EAD is “Production and sales of coal, industrial, commercial, leasing, repair, foreign economic activities, training and qualification of coal mining personnel for profit, carrying out rehabilitation and prophylaxis activities at the Company’s own holiday homes and other activities not prohibited by law.”
On 11th August 2005 a Claim Contract was concluded between the Bulgarian Council of Ministers, represented by the Minister of Energy and Energy Resources, and Mini Maritsa Iztok EAD as a claim holder.
Under the contract signed, a concession was established in favour of Mini Maritsa Iztok EAD for the extraction of coal from Maritsa Iztok Coal Basin deposit.