Mercator Lines has acquired 50% stake for about USD 30 million (Rs 1.45 billion) in a coal mine in Indonesia`s Kalimanthan province which has reserves of 60 million ton. India`s second-largest private sector shipping company Mercator Lines also said it planned to list its coal division in London in one year. The company is looking at a production of 3 million ton coal in a year which it will sell.
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