Lithium exploration rights in Dr. Congo are awarded to Kobold Metals | lotalghana.org

Lithium exploration rights in Dr. Congo are awarded to Kobold Metals


Officials this week revealed that KoBold Metals, a US-based mining firm supported by Jeff Bezos and Bill Gates, had been given seven permits to explore for lithium in the Democratic Republic of the Congo.

 

A 4,500-square-kilometre area in Manono, which is already home to one of the greatest lithium reserves in the world, is covered by the permits. About 70% of the world's cobalt comes from Congo, which is establishing itself as a major player in the global clean energy revolution. Lithium is essential for renewable energy storage and electric vehicle batteries.

 

According to KoBold, which employs AI-powered exploration technologies, geological surveys will start right away. At Kolwezi in southern Congo, the corporation is already working on the biggest cobalt-copper project in the world.

 

By 2035, the demand for lithium is anticipated to have quadrupled, and Congo aims to become a significant producer by diversifying beyond cobalt. However, activists caution that in a nation long afflicted by resource-driven conflict and corruption, new mining endeavours must guarantee openness, benefits to the community, and environmental protections.

 

According to officials, the action might help Congo draw in more capital and solidify its place in the world's green economy.

 

https://lotalghana.org/

Source: https://www.africanews.com/

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