A new Zambia copper mine backed by Bill Gates and Sam Altman has broken ground, a $2.3 billion bet on the metal the energy transition needs.
ZAMBIA · MARKETS
Key Facts
—The project: KoBold Metals has broken ground on the Mingomba mine, set to become Zambia’s biggest copper mine.
—The cost: The build is expected to cost more than $2.3 billion, among the largest investments in the country’s history.
—The backers: KoBold is funded by billionaires including Bill Gates and Sam Altman, and uses artificial intelligence to hunt for minerals.
Shuka Minerals completes fifth drill hole at Kabwe Zinc Mine, Zambia
Investors are rushing back to Zambia for its top sector and economic stability - Citi
Giant remote zinc mine aims to reach at least 80 pct renewables with addition of wind farm and big battery
Zambias state-operated investment company, ZCCM Investments Holdings, has initiated a new gold-focused joint venture with the…
The UK-based mining company, Vedanta Resources, has taken the calculated decision to slightly divest one of its assets in an…
Zambia is expanding a $491 million U
The Zambia Lobito copper railway would send Copperbelt metal west to Angola's coast, backed by US and Western finance to rival…
Shuke Minerals has successfully completed a third drill hole at the Kabwe Zinc Mine in Zambia, revealing high-grade zinc…
Zambia seeks to expand its equity in domestic mining assets, reflecting a broader pan-African trend toward the localization of…
