Country
Zambia
Sector
Mining & Minerals
Intelligence Type
Project
Status / Stage
Under Feasibility
Confidence
Reported
Latest Development
KoBold Metals (backed by Gates, Bezos, Andreessen) is developing the Mingomba Copper Project in Zambia’s Copperbelt. Land acquisition for processing plants, tailings dam and admin buildings is complete. Targeting 300,000 tonnes copper per year — among Zambia’s largest mines.
Project Details
Project TypeGreenfield underground copper mine + processing plant
Project DeveloperKoBold Metals; Mingomba Resources
Current PhaseFeasibility
Funding StatusPartial
Key Issues / Risks
KoBold's AI-driven exploration model is new and unproven at this capital scale.
Latest Development (Detail)
Land acquisition complete 2026. 300,000 tpa target. DFS pending.
What Happens Next
DFS and financing close.
Commercial Opportunity
At 300,000 tpa, would be transformative for Zambia's copper output. Mining fleet, plant, tailings procurement pending.
Commercial Opportunity Intelligence
Commercial ReadinessEarly
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Discovery Alert March 2026; Mining Indaba 2026; The Assay January 2026
Source DateJanuary–August 2026