CNBC's Sam Meredith is reporting on new copper mine discoveries. 

KoBold Metals, a California-based exploration company supported by prominent investors including Bill Gates and Jeff Bezos, announced the discovery of a significant copper deposit in Zambia. Touted as potentially one of the world's largest high-grade copper mines, this discovery at the Mingomba project could play a crucial role in the global effort to secure materials vital for the energy transition, such as copper, which is essential for renewable energy and electric vehicles. KoBold Metals, employing artificial intelligence to map the Earth's crust for copper, lithium, cobalt, and nickel, is backed by investors like Andreessen Horowitz, Equinor, BHP, and Breakthrough Energy. With Zambia being Africa’s second-largest copper producer, this project, expected to begin production within ten years, holds substantial economic promise for the nation and could address the International Energy Agency's warnings about the insufficient global supply of critical minerals for the energy sector.

Source: CNBC

(This article was written with assistance from ChatGPT)
Written by Ursa Nova

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