KoBold Metals’ Strategic Investment in Zambia Paves the Way for Sustainable Critical-Mineral Supply Chains
In a significant move towards building transparent, secure, and sustainable critical-mineral supply chains, KoBold Metals has emerged as a key player in catalyzing investments in strategic projects.
The United States Ambassador to Zambia, His Excellency Michael Gonzales, commended KoBold’s efforts and emphasized the pivotal role such initiatives play in driving the energy transition and fostering a sustainable, climate-smart economy for the 21st century.
With a commitment to leveraging the world’s best artificial intelligence and human intelligence, KoBold President Josh Goldman expressed enthusiasm about the company’s ability to accelerate progress in critical-mineral exploration and extraction.
By combining cutting-edge technology with a skilled workforce, KoBold aims to achieve efficient and effective outcomes, reinforcing its position as an industry leader.
KoBold Metals Zambia, led by CEO Mfikeyi Makayi, is poised to revolutionize mineral exploration not only in Zambia but also across international borders.
Makayi’s vision is clear: to establish KoBold as an innovative force, pioneering new knowledge that will enhance the effectiveness of mineral exploration.
Through their flagship project in Mingomba, KoBold aims to pave the way for a new era of mining technologies and methodologies, promising to unlock vast potential for resource discovery and development.
The Mingomba project has garnered significant attention and support from the Zambian government, as highlighted by Jito Kayumba, the Special Assistant to the President of the Republic of Zambia.
Recognizing the project’s potential contribution to the country’s copper production target of 3 million tonnes annually, the government is excited about the prospects it holds for economic growth and development.
One of KoBold’s strategic partnerships in Zambia is with ZCCM-Investment Holdings (ZCCM-IH), a state-owned investment company.
Tisa Reuben Chama, ZCCM-IH Chief Technical Officer, expressed satisfaction with the progress made thus far, acknowledging KoBold’s remarkable speed and the value created through the partnership.
Despite being only a year into the project, the data collected since the exploration began in December 2022 has yielded encouraging results, laying the foundation for future success.
KoBold’s investment and collaboration in Zambia underscore the importance of sustainable and responsible resource extraction. By leveraging advanced technologies, a skilled workforce, and strong partnerships, KoBold aims to establish a critical-mineral supply chain that prioritizes transparency, predictability, and environmental stewardship.
The company’s commitment to innovation and knowledge creation is set to transform mineral exploration not only in Zambia but also around the world.
As the global community embraces the urgent need for a transition to cleaner energy sources and a sustainable economy, initiatives like KoBold Metals’ strategic investment in Zambia are vital.
By driving advancements in critical-mineral supply chains, KoBold is laying the groundwork for a future that is not only economically prosperous but also environmentally conscious.
The Mingomba project serves as a shining example of the potential that lies within partnerships, innovation, and the collective pursuit of sustainable development in the mining industry.
KoBold Metals’ commitment to catalyzing investments in strategic, critical-minerals projects is commendable. Their ambition to build transparent, predictable, and sustainable critical-mineral supply chains aligns with the goals of the United States and resonates with global efforts to create a climate-smart economy.
Through partnerships, cutting-edge technologies, and a dedicated workforce, KoBold is set to revolutionize mineral exploration, leaving an indelible mark on Zambia and beyond.
