update strikes interest in peruvian iron ore , page-2

This doesnt really make a great deal of sense to me. In paragraph 2 it states that the JPM served by D&C is inapplicable. It then goes onto say in para 5 that D&C had failed to commence arbitration. What does this mean?

Firstly they say the claims of D&C have been dismissed, and then they say D&C never actually started any proceedings. All very confusing, am i reading this correctly?

From what i can gather, it sounds to me like we have a guaranteed 51%, but could lose the 17.15% that MAPSA sold to us through IAC. Seems all very strange, as even though D&C seem to be the aggrieved party pressing the action, it is MAPSA who stand to benefit not D&C.

I think the person who has written this announcement is confused him/herself