Mercator Lines to invest Rs 200-250 crore on coal mine in Indonesia

Mercator Lines will invest about 200-250 crore in developing a coal mine in the Batuah region of Kalimantan province in Indonesia as part of its strategy to increase its presence in the high-margin mining industry. The company already owns 4 coal mines in Indonesia. Total reserves in the Indonesian mines owned by Mercator Lines is about 70 million tonnes and the company plans to raise the total deposits to 100 million tonnes. 

The company will invest via a JV with an Indonesian firm PT United Coal to develop the infrastructure for the mining project, while the ownership of the mine will continue to remain with the Indonesian company. crackcrack