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Mercator resumes coal operations at Indonesian mining site
MUMBAI-BASED Mercator, formerly known as Mercator Lines, has resumed coal operations at its mining site in Indonesia.
The operations had been disrupted for a large part of the third quarter last year because of changes in the management team.
The new management team has now taken charge completely, and expects operations to reach optimum levels by March this year, Mercator said in a filing to the Singapore Exchange on Monday.
Mercator Lines was placed under judicial management in January 2016, following an application by its creditor HSH Nordbank to the Singapore courts.