Mr Dragomir Stoynev, Bulgaria's Economy and Energy Minister, Maritsa Iztok Mines will remain a state owned company and there will be no staff cuts.
Mr Stoynev visited Bulgaria's largest coal mining company on Friday.
On the eve of the professional holiday of miners, he visited the Troyanovo north Mine and launched a new coal re-loading facility worth over BGN 10 M, which is to cut the total length of the railway lines for coal supplies to the AES Galabovo Thermal Power Plant AES by 5 kilometer.
He said that "We have started increasing the coal output. In June, I promised you a new price of coal and it is already a fact."
Mr Stoynev said that the management of the state owned coal mining company and trade union representatives, made it clear that the measures adopted to boost output and increase coal prices had eliminated tension among miners.
Bulgaria's Economy and Energy Minister approved an increase in the price of coal produced at the Maritsa Iztok Mines from BGN 71.50 per tonne of conditional fuel to BGN 75 per tonne of conditional fuel.
He said that "A bigger increase is not possible at this stage. Our goal is to get the system functioning so that by January 2014 at the earliest we are be able to prepare an analysis about a new increase in coal prices."
According to the media statement of the government, the recent changes to the Energy Act, which resulted in a spike in electricity exports, contributed to the production of a total of 1 133 487 tonnes of coal at the Maritsa Iztok Mines in the first 15 days of August, while the output on August 15th reached 85 349 tonnes.