Zheng Quan Shi Bao Wang·2025-08-20 08:49Core Viewpoint - The signing of a power supply exclusivity agreement between Odin Mining and Elit Corporation marks a significant step in establishing a secure and reliable power supply system for the future development of the Kaigao House Gold Mine, which is now under the ownership of Luoyang Molybdenum [1] Group 1 - The agreement includes four hydropower stations with a total capacity of 232 megawatts [1] - Elit Corporation will serve as the primary power supply guarantee for Odin Mining, while Odin Mining will be the preferred purchaser of Elit’s electricity [1] - Luoyang Molybdenum has estimated that approximately 230 megawatts of power supply is needed for the normal operation of Odin Mining [1] Group 2 - Luoyang Molybdenum completed the acquisition of Odin Mining on June 24, successfully positioning itself in the gold resource sector [1] - The project team of Luoyang Molybdenum commenced key preliminary work on June 30, with power supply assurance being a critical aspect of project development [1]