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Xiamen Tungsten Co Ltd to set up joint venture with China Molybdenum Luoyang Co Ltd


Wednesday, 18 Dec 2013 07:00pm EST 

Xiamen Tungsten Co Ltd and China Molybdenum Luoyang Co Ltd:Says the two companies will set up a joint venture, with registered capital of 200 million yuan.Says the joint venture will be engaged in production and sale of ammonium paratungstate (APT) in Luoyang.Says Xiamen Tungsten will hold 40 pct stake and China Molybdenum Luoyang will hold 60 pct stake in the joint venture. 

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