2024-02-05
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2 minutes.


Artificial intelligence helps find a copper deposit in Zambia

Artificial intelligence is successfully studying the possibilities of finding valuable minerals. KoBold, which specializes in mining technologies, uses an innovative approach based on the use of artificial intelligence to locate strategic deposits needed for the development of green energy. The discovery of a promising copper deposit in Zambia called Mingomba was recently announced."""

Artificial intelligence helped in the flight for green energy, a large copper deposit was found in Zambia.

The energy future depends on the search for sources

Innovative technologies in mining

KoBold mining company implements the latest technologies in its processes, with the help of which it was possible to locate a large mineral copper mine in Zambia called Mingomba.This means new opportunities for green energy development and a transition to a sustainable and clean energy future.

Artificial intelligence helps find a copper deposit in Zambia

Founders and Shareholders

  • KoBold is based in San Francisco and has numerous shareholders, including Breakthrough Energy Ventures (backed by Bill Gates and Jeff Bezos), T. Rowe Price Group Inc ., Bond Capital, Andreesen Horowitz and Equinor ASA.
  • The company is constantly working on improving mining technologies. The drilling process has been going on for more than a year and is yielding quite promising results.
  • The copper deposit found in Zambia may be comparable to a similar deposit in the Congo, from which more than 400,000 tons of the precious mineral were extracted last year.

Production and future plans

KoBold plans to start production early next decade, but before that it needs to publish an updated reserve estimate and complete the necessary studies for the construction of the facility. It is preliminarily estimated that the cost of construction will be about 2 billion dollars.

Artificial intelligence helps find a copper deposit in Zambia

Artificial intelligence helps find a copper deposit in Zambia

Using artificial intelligence

Artificial intelligence is effectively used in the process of processing drilling data and in optimizing copper and cobalt prospecting in the Mingomba deposit. The main goal of the project is to predict shortages of materials such as cobalt, nickel and lithium, in order to ensure a stable supply of valuable resources in the long term.

Artificial intelligence helps find a copper deposit in Zambia

Glossary

  • Mingomba is a copper deposit in Zambia, a large and promising
  • KoBold is a San Francisco-headquartered mining company whose shareholders include Breakthrough Energy Ventures, T. Rowe Price Group Inc., Bond Capital, Andreesen Horowitz and Equinor ASA.
  • Bill Gates and Jeff Bezos - founders and financial supporters of KoBold, actively promote the development of the mining startup.
  • Congo is a country where there are also significant deposits of copper, which are successfully exploited in industry.

Link

  • More about the discovery of a copper deposit in Zambia: link

Answers to questions

Which company was found to have an innovative approach to the development of green energy?

Mining company KoBold uses an innovative approach to the development of green energy.

In which country was a promising copper deposit discovered?

A promising copper deposit was discovered in Zambia.

How does KoBold use artificial intelligence?

KoBold is effectively using artificial intelligence to process drilling data and optimize copper and cobalt prospecting.

Who are the shareholders of KoBold?

KoBold's shareholders are Breakthrough Energy Ventures, T. Rowe Price Group Inc., Bond Capital, Andreesen Horowitz and Equinor ASA.

What are KoBold's plans for the future?

KoBold plans to begin production early next decade.

Copywriter Elbuz
Brief description
KoBold uses artificial intelligence to find valuable materials in San Francisco and recently discovered a large copper deposit called Mingomba in Zambia. Such a discovery is an important step in the transition to green energy.
Article Target
Report the news
Style
Informative
Target audience
Mining industry, innovative companies, artificial intelligence experts


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KoBold uses artificial intelligence to find valuable materials in San Francisco and recently discovered a large copper deposit called Mingomba in Zambia. Such a discovery is an important step in the transition to green energy.


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