KoBold Metals Zambia CEO on using AI to explore minerals

KoBold Metals, a leading mineral exploration company, is making waves in the mining industry with its innovative use of artificial intelligence (AI) to discover critical minerals such as lithium, copper, cobalt, and nickel. The CEO of KoBold Zambia, Mfikeyi Makayi, recently spoke with CNBC Africa's Julius Bizimungu about the company's expansion plans and investments in East Africa, particularly in Zambia. The $150 million investment in the Mingomba resource marks a significant step towards solving global problems related to climate change and the increasing demand for electric vehicles. With a focus on predicting mineral deposits deep beneath the earth's surface, KoBold Metals is revolutionizing mineral exploration by using AI to increase success rates and make more informed business decisions. The company's commitment to sustainability and ethical mining practices sets them apart as they plan to expand their operations across Africa, including countries like Namibia and Botswana. The recent agreement signed by the Biden administration to explore minerals in Zambia and the Democratic Republic of Congo signifies a growing interest in African resources. This presents an opportunity for collaboration between mining companies, governments, and car manufacturers to address global challenges related to climate change and resource scarcity. KoBold Metals is at the forefront of this movement, with plans to deploy their cutting-edge technology beyond Zambia and into other regions around the world. The company's success in developing efficient AI solutions has not only attracted investors but also garnered interest from industry stakeholders and government entities. With a diverse team of experts in geosciences, data sciences, and technology, KoBold Metals is leading the way in sustainable and effective mineral exploration. By collaborating with local stakeholders and leveraging data science, the company is poised to make a lasting impact on the mining industry and contribute to the economic growth and environmental preservation of African countries.