allegation
厦门钨业 announced that it had applied to the Beijing Arbitration Commission for arbitration over Luoyang Molybdenum's alleged breach of the joint venture contract and cessation of tailings supply to Luoyang Yulu, causing production to stop, with the amount involved provisionally calculated at 116 million yuan.
A allegation by 厦门钨业. Statements are as reported by the cited publishers — not verified by DecisionGateway.
厦门钨业公告称，公司此前就洛阳钼业违反合资合同约定、停止向洛阳豫鹭供应尾矿导致其停产事宜，向北京仲裁委员会申请仲裁，涉案金额暂计 1.16 亿元。
Related claims
Xiamen Tungsten filed for arbitration with the Beijing Arbitration Commission over Luoyang Molybdenum's alleged breach of the joint venture contract and cessation of tailings supply to Luoyang Yulu, causing it to halt production, with the amount in dispute provisionally calculated at 116 million yuan.厦门钨业 · allegationLuoyang Molybdenum applied to the Beijing No. 4 Intermediate People's Court to confirm the validity of the arbitration agreement, arguing that the Supply Contract contains no arbitration clause and that the Beijing Arbitration Commission has no jurisdiction over disputes under that contract.洛阳钼业 · allegationLuoyang Molybdenum applied to the Beijing No. 4 Intermediate People's Court to confirm the validity of the arbitration agreement, arguing that the Supply Contract has no arbitration clause and that the Beijing Arbitration Commission has no jurisdiction over disputes under that contract.洛阳钼业 · allegationArgus experts examine the consequences of China's export restrictions for the tungsten and rare earth element markets.Argus · statementThe Beijing Arbitration Commission decided to suspend the arbitration proceedings pending the court's ruling, after which subsequent procedure will be determined.厦门钨业 · statementA Chinese company is illegally extracting sand and causing environmental damage in the Yuruarí river in El Callao.Denuncian · allegation
More claims by 厦门钨业
The case has not yet been heard, and the impact on the company's profits remains uncertain.statementThe Beijing Arbitration Commission decided to suspend the arbitration proceedings pending the court's ruling, after which subsequent procedure will be determined.statementXiamen Tungsten filed for arbitration with the Beijing Arbitration Commission over Luoyang Molybdenum's alleged breach of the joint venture contract and cessation of tailings supply to Luoyang Yulu, causing it to halt production, with the amount in dispute provisionally calculated at 116 million yuan.allegation
All claims by 厦门钨业