Arc System and Molybdenum Mine Own Molybdenum Mining Consignment Contr…
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[Beyond Post Correspondent Kim Min-hyuk] Arc System Co., Ltd. has signed a consignment contract with the Molybdenum Mine Co., Ltd., which owns the
molybdenum mine.
Molybdenum Mine Co., Ltd. has a molybdenum mine located in Gasan-ri, Changsu-myeon, Yeongdeok-gun, Gyeongsangbuk-do, where molybdenum used
as a mineral related to the quaternary industry such as semiconductors, inorganic materials, and solar cells can be mined.
Arc System Co., Ltd. will be in charge of sales and marketing of minerals mined and smelted by Mow Main Changdae Mine Co., Ltd. through this consignment
contract. In particular, the consignment contract is until the molybdenum mineral is exhausted, and as long as there are no changes, the contract will continue
indefinitely.
Arc System, which is in charge of sales and marketing of molybdenum minerals, is a subsidiary of Beauty Queen. Beauty Queen Co., Ltd. listed Bling (BLN),
a Klaytn-based token and a coin based on Ethereum’s blockchain technology, on Digifinex in 2021.
An official from Arc System Co., Ltd. said, “The reserves of the Yeongdeok molybdenum mine are estimated to be 1.95 million tons, and the quality is more than
1.5%. It is expected,” he said.
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