Zambia Sees KoBold Spending $2.3 Billion on Giant Copper Mine. "KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company. The firm aims to produce more than 300,000 metric tons per year at Mingomba
February 5, 2024 at 5:10 AM PST. Listen. 3:07. KoBold Metals, a mining startup that uses artificial intelligence to explore for materials key to the green-energy transition, said it’s discovered
KoBold Metals Discovers Massive Copper Deposit in Zambia. Staff Writer 3 months ago 1 min read. KoBold Metals, a groundbreaking mining venture backed by luminaries like Bill
Gates-Backed Startup to Buy Stake in Zambia Copper Deposit in $150 Million Deal The transaction coincides with Biden’s summit with African leaders, as competition for critical
Zambia’s economy has historically been based on its copper mining industry, with the Copperbelt being the main centre of production for the past 100 years or so. It is thought that mining and smelting were introduced to Zambia around AD 650, based on old smelting sites and ornaments found in burial sites (Cikin and Drysdall, 1971). Old workings based on
In February 2024, KoBold Metals, a California-based exploration start-up backed by Bill Gates, discovered a large deposit in Migomba, which it claimed is the A recent policy report by the London School of Economics' International Growth Centre (IGC) has done an in-depth dive into Zambia's copper industry, identifying crucial pain points and opportunities
Operating environment. Zambia is Africa’s second-largest producer of copper after the Democratic Republic of Congo. Mining accounts for c.10% of Zambia’s GDP and >70% of total export value. The sector is a significant source of government revenue and formal employment, both directly and indirectly.
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