Bulgaria’s Maritsa Iztok Mines Topped 2014 Production Target by 428 000 Tonnes

Business » ENERGY | January 13, 2015, Tuesday // 10:15
Bulgaria: Bulgaria’s Maritsa Iztok Mines Topped 2014 Production Target by 428 000 Tonnes Photo by BGNES

The Maritsa Iztok Mines (Mini Maritsa Iztok EAD), Bulgaria’s largest coal mining company, produced over 27 500 000 tonnes of coal in 2014, up by 428 000 tonnes from the business plan for the year.

The company’s profit for the reporting period is expected to reach around BGN 5 M, according to a media statement of the Maritsa Iztok Mines, as cited by the BGNES news agency.

Due to the lack of regular cash receipts, the company managed to implement 61% of the investment program.

At the same time, 82% of the company’s annual repair program was carried out in 2014.

Despite the difficulties it had to overcome throughout 2014, the coal mining company managed to provide regular supplies to its four main customers – local thermal power plants.

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Tags: Maritsa Iztok mines, Mini Maritsa, coal mining
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