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Bill Gates- and Jeff Bezos-backed startup discovers large-scale copper deposit in Zambia


The rare discovery of a large-scale copper deposit could help in the global race to secure a supply of materials critical to the energy transition.

KoBold Metals says it uses artificial intelligence to create "Google Maps" of the Earth's crust to help find new deposits of copper, lithium, cobalt and nickel. "There is a lot that we as Zambians can look forward to in terms of the announcement of their mine development which should be coming on stream," Kayumba said in a video posted Monday on social media site X. Backed by a coalition of billionaires including Bill Gates and Jeff Bezos, a California-based metals exploration company says it has discovered a vast copper deposit in Zambia.

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