Emissions cut

    CHINA will reduce emissions from major pollutants in the power sector by 60 percent by 2020, the government announced yesterday. China will also reduce annual carbon dioxide emissions from coal-fired power generation by 180 million tons by 2020, it said.

    ICBC services

    TATA Sons Ltd., the holding company of India’s Tata conglomerate, said yesterday it had signed up Industrial and Commercial Bank of China Ltd. (ICBC) to provide it with a host of banking services.

    Coal mine stake

    A CHINESE company will buy a 34 percent stake in a South African coal mine.

    Qingdao Hengshun Zhongsheng Group, located in Qingdao City, said Tuesday that it had inked a memorandum of understanding with Coal of Africa in a deal worth US$114 million.