Mercator Lines
Encyclopedia
Mercator Group is an India
n Shipping Corporation with diversified interests in Transportation, Dredging, Oil and Gas, Ship Management services, Marine Logistics and Offshore services. Mercator Lines Ltd is the parent company and is the second largest private sector shipping company in India based in Mumbai
. It has recently forayed into the Offshore business with its subsidiaries Mercator Oil and Gas Ltd and Mercator Offshore Ltd.
The company was started by H K Mittal.
Mercator Lines will spend in the next two years to expand its fleet of ships.
Limited, was awarded a coal block in Mozambique
. It turned out to be a gold mine with an estimated reserve of 3 billion tonnes of coal. Mercator owns 85% economic interest in the mine and it has a 30-year mining lease. The mining will begin in 2010, and the company will pay $1 per tonne royalty to the Government of Mozambique.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n Shipping Corporation with diversified interests in Transportation, Dredging, Oil and Gas, Ship Management services, Marine Logistics and Offshore services. Mercator Lines Ltd is the parent company and is the second largest private sector shipping company in India based in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. It has recently forayed into the Offshore business with its subsidiaries Mercator Oil and Gas Ltd and Mercator Offshore Ltd.
The company was started by H K Mittal.
Mercator Lines will spend in the next two years to expand its fleet of ships.
Mozambique gold mine
In early 2008, the company's overseas arm, Mercator Lines SingaporeSingapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
Limited, was awarded a coal block in Mozambique
Mozambique
Mozambique, officially the Republic of Mozambique , is a country in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west and Swaziland and South Africa to the southwest...
. It turned out to be a gold mine with an estimated reserve of 3 billion tonnes of coal. Mercator owns 85% economic interest in the mine and it has a 30-year mining lease. The mining will begin in 2010, and the company will pay $1 per tonne royalty to the Government of Mozambique.