South Africa: Billionaire-backed KoBold Metals to invest in Zambia copper mine
JOHANNESBURG, Dec 14 (Reuters) - California-based exploration firm KoBold Metals, which uses artificial intelligence and machine learning to identify battery metal deposits, is investing $150 million to develop a copper mine in Zambia, the company announced at the U.S.-Africa Leaders Summit in Washington, D.C.
KoBold's investors include Breakthrough Energy Ventures, a climate and technology fund founded by Microsoft's Bill Gates and backed by Amazon's Jeff Bezos and Virgin's Richard Branson.