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Bulgarian miner Mini Maritsa Iztok sees 2012 profit topping 1.5 mln euro

Dec 20, 2012, 3:46:35 PMArticle by Velizar Uzunov
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SOFIA (Bulgaria), December 20 (SeeNews) – Bulgarian mining complex Mini Maritsa Iztok expects to post a profit of more than 3.0 million levs ($2.0 million/1.5 million euro) in 2012, the company’s chief executive officer said on Thursday.

Bulgarian miner Mini Maritsa Iztok sees 2012 profit topping 1.5 mln euro

A total of 29.5 million tones of coal were extracted from the complex’s three lignite mines in 2012, a volume that is expected to rise to 30 million tonnes next year, Teodor Drebov told a press conference in Sofia.

Mini Maritsa Iztok will spend about 66 million levs on repairs by the end of 2012, while its investment program for the year is worth some 57 million levs.

The state-owned complex is located in southern Bulgaria.

(1 euro = 1.95583 Bulgarian levs)

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