KoBold Metals Inks Minerals Exploration Deal with DR Congo

Bezos-Backed KoBold in Dispute Over Major African Lithium Mine

A Perth-based miner that holds a majority stake in a disputed lithium project in the Democratic Republic of Congo (DRC) has claimed that a deal between the Congolese government and U.S. company KoBold Metals breaches an existing international arbitration order. On July 18, the Congolese government signed an agreement with KoBold Metals, a technology-driven mining exploration company backed by U.S. billionaires Jeff Bezos and Bill Gates, paving t…

KoBold Metals inks minerals exploration deal with DR Congo

KoBold Metals, a mining company backed by US billionaires Bill Gates and Jeff Bezos, signed an agreement with DR Congo’s government to launch a “large-scale mineral exploration program” in the country.KoBold uses artificial intelligence to identify metal deposits. The deal, announced by Kinshasa on Thursday, commits DR Congo to support KoBold’s acquisition and development of the Roche Dure lithium deposit. The site, located within the larger Man…

Australian National Review - Bezos-Backed KoBold in Dispute Over Major African Lithium Mine

Artisanal miners work in the Kamituga artisanal mine, in the South Kivu province, Democratic Republic of Congo, on Sept. 20, 2024. Glody Murhabazi/AFP via Getty Images A Perth-based miner that holds a majority stake in a disputed lithium project in the Democratic Republic of Congo (DRC) has claimed that a deal between the Congolese government and U.S. company KoBold Metals breaches an existing international arbitration order. On July 18, the Co…

AVZ says Congo lithium deal 'breaches arbitration order'

AUSTRALIA’S AVZ Minerals, which holds a majority stake in the disputed Manono lithium project in the Democratic Republic of Congo, on Tuesday said Kinshasa had violated an international arbitration order through a new partnership with KoBold Metals, according to a report by Reuters. The DRC government announced on July 18 that it had signed an agreement with KoBold to jointly develop the southern section of the Manono lithium and tin deposit, on…

U.S. miner, backed by Bezos and Gates, secures high-stakes deal for DRC’s largest lithium deposit – The North Africa Post

In a major development for U.S. mineral strategy in Africa, KoBold Metals, a California-based company backed by billionaires Jeff Bezos and Bill Gates, has signed a landmark agreement with the Democratic Republic of Congo (DRC) to explore and develop the Manono lithium project — one of the world’s richest untapped lithium deposits. The deal, witnessed […]

AVZ slams Congo-KoBold deal – The Northern Miner

Australia-based AVZ Minerals (US-OTC: AZZVF) said on Monday a new agreement between the Democratic Republic of Congo (DRC) and U.S.-backed KoBold Metals violates an international arbitration order tied to the...