Bill Gates-Backed Mining Startup Wants to Expand Into Congo
- KoBold Metals invested in copper project in neighboring Zambia
- The Central African country is world’s top source of cobalt
A mine supervisor overlooks a copper mine near Kitwe, Zambia.
Photographer: Naashon Zalk/BloombergThis article is for subscribers only.
KoBold Metals, a mining start-up backed by Bill Gates that’s developing a copper project in Zambia, is getting closer to investing in the neighboring Democratic Republic of Congo.
That’s according to chief executive officer Kurt House, who said that the company has already bid for one asset, which didn’t result in a transaction. He declined to identify the asset.