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Xiamen Tungsten Files Arbitration Against CMOC Over Tailings Supply Halt, Claims 116M Yuan
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Xiamen Tungsten Co., Ltd. (600549.SH) announced on September 21 that it has filed an arbitration application with the Beijing Arbitration Commission against China Molybdenum Co., Ltd. (CMOC Group) for allegedly breaching their joint venture contract. The dispute centers on CMOC's cessation of tailings supply to Luoyang Yulu Mining Co., Ltd., a joint venture between the two companies, which Xiamen Tungsten claims has forced Luoyang Yulu into a complete production halt. The total amount involved in the arbitration is provisionally calculated at 116 million yuan (approximately $16.3 million), as estimated up to 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.
Source report
September 21 — Xiamen Tungsten Co., Ltd. (600549.SH) announced that it has filed an arbitration application with the Beijing Arbitration Commission regarding a dispute with China Molybdenum Co., Ltd. (CMOC Group).
The dispute arises from CMOC's alleged breach of the Joint Venture Agreement for the Establishment of Luoyang Yulu Mining Co., Ltd., in which CMOC ceased supplying tailings to Luoyang Yulu Mining Co., Ltd. ("Luoyang Yulu"), resulting in a complete production halt at the joint venture.
The total amount involved in the arbitration is provisionally calculated at RMB 116 million (as of August 31, 2026).
Xiamen Tungsten confirmed that it has recently received a notice of acceptance from the Beijing Arbitration Commission. As the case has not yet been heard, the impact on the company's current and future profits remains uncertain.
Source
财联社Neutral / independent
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Xiamen Tungsten Files 116M Yuan Arbitration Against CMOC Over Joint Venture Halt