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Billionaire-backed KoBold Metals plans new Zambian copper mine within a decade

Billionaire-backed KoBold Metals plans new Zambian copper mine within a decade

CALIFORNIA-based KoBold Metals, whose backers include billionaires Bill Gates and Jeff Bezos, said it aims to start producing copper and cobalt at a project in Zambia within 10 years. KoBold is spending about $150 million to accelerate its search for more deposits at the Mingomba project, located along the fabled African copper belt. The additional studies will be completed in 2024, said Mfikeyi Makayi, the Zambian CEO of the Silicon Valley start-up. "It's a very attractive project and we have said within a decade we would want Mingomba to be a producing mine," Makayi told Reuters. Bill Gates. Photo: Jean-Luc David/Flickr…
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Who is the man Jeff Bezos chose to spend $10 billion as head of his Earth Fund?

Who is the man Jeff Bezos chose to spend $10 billion as head of his Earth Fund?

MEGAN ROWLING TEN billion dollars - that's a lot of money for one person to invest in anything, especially in the space of just a decade. It's the staggering size of the Bezos Earth Fund, set up last year by the founder of online retailer Amazon.com, Jeff Bezos, to tackle climate change. That fund gets a new boss on Thursday: Andrew Steer. Announced in March, Steer's appointment went down well with experts in the climate world, following his respected stewardship of the World Resources Institute (WRI). Known as a straight talker, Steer brings decades of experience in international diplomacy and…
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