By Tyndale Muchiya The Zambian government has announced plans to increase its shareholding in the recently launched Mingomba mine, one of the country’s most significant mining developments, by an additional 5%. KoBold Metals, the exploration company backed by billionaires including Bill Gates and Sam Altman, officially broke ground on the $2 billion Mingomba mine on the copperbelt expected to be Zambia’s biggest copper mine. The Mingomba mine in Zambia is owned by a joint venture, with majority ownership held by KoBold Metals (80%), a U.S.-based AI-driven exploration company, and the remaining 20% owned by Zambia’s state-owned investment firm, ZCCM Investments...
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