A groundbreaking startup backed by prominent investors Bill Gates and Jeff Bezos has made a significant discovery in Zambia, uncovering vast copper deposits that could have far-reaching implications.

Kobold Metals, as reported by Financial Times, recently announced the finding of the largest copper reserve in Zambia.


This discovery holds immense potential for reducing the West’s reliance on China for essential minerals, particularly copper, and supports global efforts towards decarbonization, especially with the increasing adoption of electric vehicles.

The timing of this discovery is particularly crucial for the United States, which has been actively seeking to diversify its sources of critical minerals and transition towards renewable energy.

Continue Reading: https://africafactszone.com/zambias-largest-copper-deposit/

That's the problem with Africa. It takes the white man to help you discover your own deposits and yet they'll keep blaming the white man. When are we going to explore and discover these things ourselves and on our own

Another strataga to rip africa

The sad thing here is that after exploring, extracting and selling the mineral resources, the company will take 70% of the revenue, give 30% to Zambian government, the Zambian president will embezzle 10% leaving 20% for the state, the ministers and politicians will embezzle 10% leaving 10% for salaries, with nothing left for development. That's how Africa works.

Depriest2020:
The sad thing here is that after exploring, extracting and selling the mineral resources, the company will take 70% of the revenue, give 30% to Zambian government, the Zambian president will embezzle 10% leaving 20% for the state, the ministers and politicians will embezzle 10% leaving 10% for salaries, with nothing left for development. That's how Africa works.

Touché. You've said it all. Maybe it would have been better for the deposit not to have been discovered at all. At least the environment will not be degraded.

They will be needing some 'democracy' soon.