The report pledged to make more use of market- and law-based methods to effectively deal with "zombie enterprises."

China eliminated steel production capacity by more than 65 million tonnes and coal by over 290 million tonnes last year, both beating government annual targets.

In his annual report delivered Sunday, Premier Li Keqiang said the country would do away with over 50 gigawatts of coal-power capacity – an amount equivalent to over the entire capacity of South Africa – through new measures to wean itself off coal, MarketWatch reported.

The Chinese leader also said China would cut 150 million tonnes of coal capacity this year, about half of the 290 million tonnes cut in 2016.

China may also soon reinstate coal production curbs in an effort to avoid the return of an oversupply and improve the profitability of its heavily indebted coal industry. The curbs would come in the form of limiting mines' operations to 276 days a year, from the current 330 days.

Coal, particularly the steelmaking kind, rocketed last year after Beijing introduced production restrictions.

Meanwhile China's coal consumption dropped in 2016 for a third year in a row, official data showed last Tuesday, as the world's top consumer and producer of the fossil fuel continued tightening environmental rules aimed at dealing with pollution.

Beijing has made public its intention of modernizing its coal-fired power plants by 2020 in an effort to cut “polluting” emissions by 60%. The government also aims to add over 20 million kilowatts of installed wind power and more than 15 million kilowatts of installed photovoltaic power by the end of the decade.

Coal accounted for 62% of the nation’s energy mix last year, down from 64% in 2015, and it is expected to fall further under the current five-year plan of capping it at 55% by 2020, the National Bureau of Statistics said.

In a recent report by the Indian Ports Association, quoted by Economic Times, the country's 12 major ports handled 169% more iron ore cargo – a total of 38.61 million tonnes – in the April to January period compared to the same period the year previously, when just 14.37 million tonnes crossed the nation's docks.

The increase in tonnage can partially be explained by a resumption in production from India's top iron exporting state of Goa in the summer of 2015, led by Vedanta Resources (LON:VED), after an almost three-year hiatus.

Iron ore output contracted 9.4% every year between 2012 and 2016 following mining bans in Goa, Odisha and Karnataka, Economic Times points out. Those bans are no longer in place, meaning analysts are bullish on Indian iron ore production.

BMI Research said last month it projects output to increase to 185 MT in the next four years, from 136 MT in 2017.

The boost is not only due to the spike in the iron ore price, which reached a 30-month high on Feb. 20, but also a surge in global steel production.

World Steel Association data released in February showed a 7% jump in global steel output in January to 136.5 million tonnes.

World number three steel producer India recorded the biggest gain of the major producing countries, with output increasing by 12% year-on-year. India's infrastructure push should keep blast furnaces on the subcontinent humming throughout this.

Peter Hahn at the London Institute of Banking and Finance said it was the first capital raising from Deutsche since it had drawn a line under many of its legacy issues.
"The atmosphere for banks has got much more positive in the last several months," Mr Hahn told the BBC. Deutsche Bank shares have risen 44% in the last six months, for example.
But there were still question marks over whether its investors would "put money in one more time", he said.
Deutsche will also promote chief finance officer Marcus Schenck and retail banking boss Christian Sewing to become co-deputy chief executives under chief executive John Cryan.
Mr Schenck will also become co-head of the investment bank alongside Garth Ritchie, who runs the bank's bond and equities trading activities.
Jeffrey Urwin, head of corporate and investment banking, will step down, and a new chief finance officer will be sought.
Deutsche aims to cut costs from 24.1bn euros to 22bn euros by 2018, as well as resume paying a "competitive dividend" to shareholders.

The study visit program includes the business subjects on Agriculture (Green houses, agriculture export ecosystem) , IT Sector ( international accelerators) , health, communication, banking security, fintec and visits to other related institutions.

Please visit to following link for information in details and contact at contact@mongolianbusinessdatabase.com e mail, 77109911, 99066062 for the registration and inquiry.

The registration will close in March 15, 2017

http://www.mongolianbusinessdatabase.com/base/eventsdetails?id=5 

Located 280 kilometers northeast of Yellowknife, near the Arctic Circle, the mine is expected to produce around 54 million carats of rough diamonds over its 12-year lifetime.

Gahcho Kué was only the sixth diamond opened in Canada in the almost 19 years the country has been producing such gems.
Production ramp-up at Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), began in August — a month before the mine’s official opening.

Thursday’s announcement marks an important operational milestone and also comes slightly ahead of schedule, the partners said in a joint statement.

"Today marks a significant landmark for De Beers in Canada as Gahcho Kué becomes an important contributor to the group's global production," De Beers Group CEO Bruce Cleaver said in the statement.

The mine "secures Canada's position as one of the world's leading diamond producers," added Patrick Evans, President and CEO of Mountain Province Diamonds.

It’s estimated that Gahcho Kué will contribute $5.2 billion to the territorial economy until 2028, according to a socio-economic impact report prepared by De Beers.

Another reason why the mine's opening is important for Canada’s economy is the fact that two of the country's major diamond operations — Diavik and Ekati — are approaching the end of their productive lives. Gahcho Kué, although smaller than those mines, is expected to offset the production drop-off.

The mine, estimated to be one of the world’s 10 biggest diamond mines, is the sixth precious rocks operation opened in Canada in the almost 19 years the country has been producing diamonds.

A total of 92.885 herders and legal bodies with livestock in 21 provinces and Ulaanbaatar submitted their requests to get incentive for 20.599 tons of wool to Livestock Protection Fund under the Ministry of Food, Agriculture and Light Industry.

Incentives of MNT22.6 billion have been transferred to herders’ bank accounts through Bank of Mongolia, after checking the data.

‘Legal environment to give incentives to livestock origin raw materials was created when the Parliament approved resolution No.30 on “Some measures to support national producers and increase jobs” in 2011. This action has brought many positive results. For example, a mechanism to supply wool to national processing factories has been developed, factories get to have sufficient raw materials and production of value-added wool products has been increased. And new processing factories of wool washing, wool thread, felt, insulation material for construction have been established” said director of Livestock protection fund B.Ganzorig.

The incentive amount of this year has increased by MNT3.3billion compared to last year’s. 413 thousand herders have received incentives of MNT112.7 billion for 71 thousand tons of wool since 2011.