KoBold Metals, an exploration company backed by billionaires Bill Gates and Sam Altman, has pledged to invest approximately $3 billion in Zambia’s mining sector, marking a milestone with the official groundbreaking of the Mingomba project in Chililabombwe district on the Copperbelt. The Mingomba mine, valued at $2 billion, is set to become Zambia’s largest copper mining operation. KoBold Metals holds an 80% stake in the mine through a joint venture, while Zambia’s state-owned investment firm, ZCCM Investments Holdings, owns the remaining 20%. During the groundbreaking ceremony, Dr. Kurt House, CEO and President of KoBold Metals, highlighted the company’s commitment to...
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