Commodities
AI-Powered Miner Says It Found Huge Copper Deposit in Zambia
- KoBold Metals is backed by Bill Gates, Jeff Bezos, Equinor
- Company uses AI to search for metals key to energy transition
Rolls of sheet copper.
Photographer: Oliver Bunic/BloombergThis article is for subscribers only.
KoBold Metals, a mining startup that uses artificial intelligence to explore for materials key to the green-energy transition, said it’s discovered a huge copper deposit in Zambia.
San Francisco Bay Area-based KoBold, whose shareholders include Breakthrough Energy Ventures – backed by Bill Gates and Jeff Bezos – as well as T. Rowe Price Group Inc., Bond Capital, Andreesen Horowitz and Equinor ASA, has been drilling at its Zambian permit for a little over a year. Mingomba is shaping up to be “extraordinary,” according to KoBold President Josh Goldman.