Енергийна независимост и национална сигурност


On the company

Mini Maritsa Iztok EAD is a 100% state-owned sole-proprietor joint-stock company, with a 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 Troyanovo-1 Mine  Ltd., Troyanovo-North Mine  Ltd. and Troyanovo-3 Mine  Ltd. The Company was registered by Decision No  2773/07.07.1993 of Stara Zagora District Court on company file No. 2444/1993.

The capital of Mini Maritsa Iztok EAD amounts to BGN 121 124 700 divided into 12 112 470  shares with a nominal value of BGN 10 each. The total amount of the capital was subscribed and fully paid by the state.

Mini Maritsa Iztok EAD has been a subsidiary of the Bulgarian Energy Holding (BEH) since September 2008.

The Company subject of activity is as follows:

1. Extraction  and sales of coal;

2. Industrial, commercial, leasing, repair and  foreign economic activities;

3. Training and retraining of coal mining personnel for profit, as well as other activities not prohibited by law;

4. Carrying out rehabilitation and prophylaxis activities at the Company’s own holiday homes;

5. Trade in electricity;

6. Railway transport services of freight under internal communication, as well as other activities not prohibited by law.

On 11th August 2005 a Concession Agreement was concluded between the Council of Ministers of the Republic of Bulgaria and Mini Maritsa Iztok EAD as a concession holder.

Under the agreement signed, a thirty-five-year-long concession was established in favour of Mini Maritsa Iztok EAD for the extraction of coal from the Maritsa Iztok Coalfield  deposit.

The Company activity is not restricted by a time limit or a termination clause.