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MINI MARITSA IZTOK AD

Summary

Company ID (NIN)

833017552

Company owner / manager

  • Bulgarian Energy Holding EAD

Country

Bulgaria

Capital

121,125,000

Total assets

1,204,302,000

Net profit for the period

1,424,000

Report year

2018

Currency

BGN

Industry

Coal Mining

Southeastern Europe Company Index (SEECI)

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General information

About MINI MARITSA IZTOK AD

Mini Maritsa Iztok EAD is a Bulgarian state-owned lignite coal mining company. It operates three coal deposits in southeastern Bulgaria.

Mini Maritsa Iztok EAD is a member of the European Association for Coal and Lignite, EURACOAL.

Mini Maritsa Iztok EAD has a 10-year licence for trading with electricity, valid until Nov 19, 2016.

The company has an:

  • ISO 9001:2015 Quality management systems certificate, valid until June 15, 2019;
  • OHSAS 18001:2007 Occupational health and safety management systems certificate, valid until June 15, 2019;
  • ISO 14001:2015 Environmental management systems certificate, valid until June 15, 2019.

 

Last updated on Oct 18, 2018.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 1951
NIN
833017552
Tickers
Stock Exchange
ISIN
Profile last updated
Oct. 18, 2018, 10:10 p.m.
Alternative names

    Mini Maritsa Iztok JSC;
    Mina Maritsa Iztok EAD (JSC);
    Maritsa Iztok Mining Company EAD (JSC);
    MMI EAD (JSC);
    Mariza Iztok EAD (JSC);
    Maritsa East Mines EAD (JSC);
    Maritza East Mines EAD (JSC)

History

    1951 – State-owned mining company Maritsa Iztok is established in Radnevo, southeastern Bulgaria.

    1952 – Troyanovo - 1 coal pit is put into operation.

    1962 – Troyanovo - North coal pit goes operational.

    1964 – Troyanovo - 3 coal pit starts operating.

    1993 – The company is transformed into a joint stock company, wholly-owned by the state.

    June 2000 – Mini Maritsa Iztok EAD and RWE Power AG, Germany, a subsidiary of German power and energy company RWE AG, establish a lignite coal mining joint venture company under the name Minna Kompania Maritsa Iztok AD in Radnevo. RWE Power AG is obliged to invest EUR 350 mln by the end of 2005.

    2004 – Mini Maritsa Iztok EAD increases its subscribed capital to BGN 34.077 mln from BGN 16.75 mln.

    2006 – The company increases its subscribed capital to BGN 36.077 mln from BGN 34.077 mln.

    July 17, 2006 - Mini Maritsa Iztok EAD increases its subscribed capital to BGN 45 mln from BGN 36.077 mln.

    Mar 7, 2007 - The company receives an OHSAS 18001:1999 Occupational health and safety management systems certficiate.

    Mar 11, 2008 - Mini Maritsa Iztok EAD increases its subscribed capital to BGN 55 mln from BGN 45 mln.

    July 24, 2008 - Mini Maritsa Iztok EAD increases its subscribed capital to BGN 65 mln from BGN 55 mln.

    June 16, 2010 - The company is awarded an ISO 9001:2008 Quality management systems certificate valid until June 15, 2013.

    June 22, 2010 - The company is awarded an ISO 14001:2004 Environmental management systems certificate valid until June 21, 2013.

     

    Last updated on Oct 18, 2018.

Management

Board of Directors
Georgi Ivanov Koev
Chairman of the Board
Nikolai Stefanov Dikov
Member of the Board
Andon Petrov Andonov
Member of the Board
Executive Board
Andon Petrov Andonov
CEO

Contacts

Address
13, Georgi Dimitrov Str.
6260
Radnevo, Bulgaria
Telephones

+359 417 83 304
+359 417 83 305
+359 417 82 575
+359 417 82 354

Fax

+359 417 82 417
+359 417 82 605

Emails

mmi-ead@marica-iztok.com

Websites
www.marica-iztok.com

Ownership

Name Direct holding Indirect holding Owner type Country
Bulgarian Energy Holding EAD 100.0 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Mini Maritsa Iztok EAD mines lignite coal. The company extracts and produces coal for thermal power plants and briquettes for households

Mini Maritsa Iztok's main activities are:

  • coal mining and processing
  • coal enrichment
  • coal transportation
  • coal storage and distribution.

The company also carries out exploration activities.

The average qualitative properties of lignite coal are:

  • calorific value – between 1,060 and 1,850 kilo calories per kg
  • ash content – between 25% and 45%
  • moisture content – between 51% and 62%.

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