China Molybdenum said Xiamen Tungsten has initiated arbitration over Yulu
Mining's tungsten production. The company said a 2001 joint‑venture agreement
with Xiamen Tungsten did not specify a total tungsten mining quota or allocation
mechanism, and it has no obligation to include Yulu Mining's required mining
quota in its management targets. It added that regulators have recently
tightened compliance on tungsten mining quotas, and that Yulu Mining has for a
long period used China Molybdenum's quota to produce and sell tungsten without
legal basis. China Molybdenum said it sought to renegotiate the cooperation this
year — citing inability to perform provisions such as tailings supply — but
Xiamen Tungsten refused.
