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CMOC or CMOC Group Limited, previously known as China Molybdenum Company Limited, is a Chinese mining company and one of the world's largest producers of molybdenum, tungsten, niobium, cobalt, and copper. The company accounts for approximately one-third of global cobalt supply.

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economy2 d ago

CMOC issues a statement regarding an arbitration case filed by Xiamen Tungsten concerning tungsten production at Yulu Mining.

According to 36Kr, CMOC (China Molybdenum Company) issued a statement regarding an arbitration case filed by Xiamen Tungsten about tungsten production at Yulu Mining. The statement says their 2001 joint venture contract did not set explicit tungsten production quota indicators, and CMOC is not obligated to include such quotas in its management indicators; regulators have tightened supervision of tungsten quotas, and CMOC has been unable to obtain agreement on a revised cooperation model after communicating with Xiamen Tungsten this year.

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CMOC issues a statement regarding an arbitration case filed by Xiamen Tungsten concerning tungsten production at Yulu Mining.

economy2 d ago

coda.news AI summary

In 2001, CMOC and Xiamen Tungsten signed a joint venture contract regarding Yulu Mining.
CMOC says it has no obligation to include tungsten production quota indicators in its management indicators.
Regulators have reaffirmed and tightened supervision of tungsten mining quotas.
CMOC attempted to negotiate changes this year, but Xiamen Tungsten refused.