AI-Powered Zambian Copper Mine May Become World’s Third Largest
- President Hichilema says KoBold may be among largest in world
- Zambia is eager to start a state-owned metals trading company
Hakainde Hichilema
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Zambia may be home to the world’s third-largest copper mine after a startup backed by billionaire Bill Gates discovered huge deposits of the metal, the country’s president said.
San Francisco Bay Area-based KoBold Metals, which uses artificial intelligence to explore for materials key to the green-energy transition, said this week that its discovery at the Mingomba project far surpasses existing operations in top producer Chile by copper grade.