Mercator has commenced the commercial operations at its coal mine located at East Kalimanthan in Indonesia on August 07, 2012. Last year in September, the company through its subsidiary in Singapore, had completed acquisition of 50% stake in a coal mining concession situated in East Kalimanthan, Indonesia. The mines had reserves of 60 million tonnes (mt) and the company had acquired the stake for about $30 million (Rs 145 crore).
Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.
