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.
Key facts
- 01In 2001, CMOC and Xiamen Tungsten signed a joint venture contract regarding Yulu Mining.
- 02CMOC says it has no obligation to include tungsten production quota indicators in its management indicators.
- 03Regulators have reaffirmed and tightened supervision of tungsten mining quotas.
- 04CMOC attempted to negotiate changes this year, but Xiamen Tungsten refused.
AI-generated from the sources below. Always check the originals.
How each country tells it
So far our sources show coverage from one country. Perspectives appear once we find reports from a second country.
Sources
Summaries are AI-generated from the linked sources and may contain errors; always check the originals. We summarise and link; we never republish articles. Photos come from openly licensed libraries, official publicity material and brand logos, credited to their sources. If you own an image and want it credited differently or removed, email info@coda.news and we will act promptly.