Xiamen Tungsten Files Arbitration Against CMOC Group Over Breach of Joint Venture Contract, Claims 116 Million Yuan
Xiamen Tungsten has filed an arbitration claim of approximately 116 million yuan against CMOC Group over CMOC's cessation of tailings supply to their joint venture, Luoyang Yulu Mining Co., Ltd., causing a full production halt. CMOC cites stricter national tungsten mining quota regulations since 2023 as the reason for suspending supply after failed negotiations. The Beijing Arbitration Commission has accepted the case but not yet heard it.
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Xiamen Tungsten Files 116 Million Yuan Arbitration Against CMOC Over Tailings Supply Dispute
Xiamen Tungsten has filed an arbitration claim of approximately 116 million yuan against CMOC Group over a dispute concerning tailings supply to their joint venture, Luoyang Yulu Mining Co., Ltd. The dispute stems from CMOC's decision to halt tailings supply to the joint venture, which extracts tungsten from molybdenum processing waste. CMOC stated in a September 24 statement that the issue is a routine economic dispute and that it will await the arbitration tribunal's ruling. CMOC explained that since 2023, stricter national regulations on tungsten mining quotas have created compliance risks, as the joint venture effectively used CMOC's quota without bearing regulatory responsibility. After failed negotiations to adjust the cooperation model, CMOC suspended supply. Xiamen Tungsten, which holds a 60% stake in the joint venture, claims the suspension caused a full production halt and seeks restoration of supply plus compensation for losses. The case has been accepted by the Beijing Arbitration Commission but not yet heard. The dispute occurs against a backdrop of historically high tungsten prices in 2026, with white tungsten concentrate prices surging over 350% year-on-year.
Read sourceMining Giants Xiamen Tungsten and CMOC Group Enter Arbitration Over 20-Year Joint Venture
Xiamen Tungsten Co., Ltd. has initiated arbitration proceedings against CMOC Group Limited, seeking approximately 116 million yuan in damages, after CMOC halted tailings supply to their joint venture, Luoyang Yulu Mining Co., Ltd., in July 2026. The 20-year partnership, established in 2001, has broken down over a dispute regarding the supply of molybdenum tailings containing tungsten. Xiamen Tungsten claims CMOC's actions violate their joint venture contract, causing production stoppages and financial losses. CMOC states it acted to ensure compliance with national tungsten resource regulations. The article notes that stricter government controls on strategic mineral resources, including tungsten, are reshaping the industry's operational landscape. The dispute has significantly impacted Xiamen Tungsten's stock price, which fell nearly 39% between the production halt announcement and the arbitration filing. The outcome of the arbitration, which has been accepted by the Beijing Arbitration Commission, remains uncertain.
Read sourceXiamen Tungsten Files Arbitration Against CMOC Group Over Breach of Joint Venture Contract
Xiamen Tungsten Co., Ltd. announced on September 21 that it has filed for arbitration against China Molybdenum Co., Ltd. (CMOC Group) for allegedly breaching a joint venture contract. The dispute centers on CMOC's cessation of tailings supply to the jointly owned Luoyang Yulu Mining Co., Ltd. since June 30, 2026, causing a full production halt. The joint venture, established in 2001, was designed to recover tungsten from CMOC's molybdenum tailings. Xiamen Tungsten claims CMOC violated the contract by stopping tailings supply and ordering a sales suspension of tungsten concentrate. The company is seeking approximately 116 million yuan in damages, including 56.45 million yuan for losses from the supply halt and 56.77 million yuan for lost sales. Xiamen Tungsten also demands that CMOC resume tailings supply until the venture's license expires in 2032. The Beijing Arbitration Commission has accepted the case, but no hearing date has been set. Xiamen Tungsten stated the arbitration will not materially impact its current operations, though the financial outcome remains uncertain pending the ruling.
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Xiamen Tungsten Files Arbitration Against CMOC Over Tailings Supply Dispute
Xiamen Tungsten Co., Ltd. (stock code: 600549) announced on September 21 that it has filed for arbitration with the Beijing Arbitration Commission against China Molybdenum Co., Ltd. (CMOC) over an alleged breach of their joint venture contract for Luoyang Yulu Mining Co., Ltd. According to the announcement, CMOC stopped supplying tailings to Luoyang Yulu, causing a complete production halt at the joint venture. The disputed amount is provisionally calculated at 116 million yuan (as of August 31, 2026). Xiamen Tungsten stated it has received a notice of acceptance from the Beijing Arbitration Commission, but since the case has not yet been heard, the impact on the company's current and future profits remains uncertain.
Read sourceXiamen Tungsten Files Arbitration Against CMOC Group Over Breach of Joint Venture Contract, Claims 116 Million Yuan
Xiamen Tungsten Co., Ltd. announced on September 21 that it has filed for arbitration against China Molybdenum Co., Ltd. (CMOC Group) for allegedly breaching a joint venture contract. The dispute centers on a 2001 agreement to form Luoyang Yulu Mining Co., Ltd., in which Xiamen Tungsten holds a 60% stake and CMOC holds 40%. Under the contract, CMOC was obligated to supply tailings from its molybdenum processing operations to the joint venture for tungsten recovery. Xiamen Tungsten claims that CMOC stopped supplying tailings on June 30, 2026, and redirected them to a tailings pond, causing Luoyang Yulu to halt production entirely. CMOC also allegedly demanded that the joint venture suspend sales of tungsten concentrate. Xiamen Tungsten is seeking four arbitration requests: an order for CMOC to resume tailings supply until the joint venture's license expires in 2032; compensation for losses from the supply stoppage, provisionally calculated at 56.45 million yuan through August 31, 2026; compensation for losses from the sales suspension, totaling 56.77 million yuan; and coverage of arbitration, appraisal, and legal fees. The total claimed amount is approximately 116 million yuan. The case has been accepted by the Beijing Arbitration Commission but has not yet been heard. Xiamen Tungsten stated the arbitration is a routine legal action and will not materially impact its current operations, though the financial outcome remains uncertain.
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