Xiamen Tungsten (SHA:600549) said the Beijing Arbitration Commission suspended the arbitration proceedings against CMOC Group (HKG:3993, SHA:603993) over a joint venture dispute, according to a Shanghai bourse filing on Wednesday.
CMOC applied for the confirmation of the arbitration agreement's validity at the Beijing No. 4 Intermediate People's Court, the tungsten carbide manufacturer.
The metal ore company allegedly violated the agreed terms in the deal by ceasing to supply tailing to their joint venture, Luoyang Yulu Mining, causing the suspension of the venture's production.
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