Copperbelt Katanga Mining’s Post

👤🇨🇳⏳️NYT [excerpt]: Peering into their computer screens in California last year, the data crunchers watched a subterranean fortune come into focus. What they saw transported them 10,000 miles across the world, to #Zambia, and then one more mile straight down into the Earth. A rich lode of #copper, deep in the bedrock, appeared before them, its contours revealed by a complex A.I.-driven #technology they’d been painstakingly building for years. On Thursday, their company, KoBold Metals, informed its #business partners that their find is likely the largest copper discovery in more than a decade. According to their estimates, reviewed by The New York Times, the mine would produce at least 300,000 tons of copper a year once fully operational. That corresponds to a value of billions of dollars a year, for decades. ...#AI data centers demand huge amounts of copper. Advanced weaponry requires #nickel and #cobalt. Over two decades of production, KoBold’s find in Zambia would yield enough copper for 100 million of today’s average-size #electricvehicle #batteries. “The more you realize how dependent we are on these technologies, the more you ask: How the hell were we so slow to the fact that we needed vast amounts of raw material to make it all possible?” said Connie Chan, a partner at Andreessen Horowitz, the biggest venture capital firm in the United States and an early investor in KoBold. The traditional #mining industry lacked a convincing solution. Using exploration techniques largely unchanged in a century, the cost of new discoveries was rising while the pace of the finds slowed. Around the same time, the U.S. government had a similar lightbulb moment. America had become far too reliant on #China for these essential resources. China had been heavily investing in global mining and metal processing, and controlled the production of 20 to 80 percent of its #supplychains. The United States, on the other hand, has relatively few processing plants or mines, domestic or foreign, for most battery metals. The International Energy Forum, a research organization, recently estimated that the world would need between 35 and 194 large new mines for copper alone through 2050. That translates to between one and six new copper mines, every year, the size of the one KoBold plans to dig in Zambia. #news #geopolitics

AI-Driven Breakthrough: KoBold Metals Uncovers Massive Copper Deposit in Zambia KoBold Metals has discovered one of the largest copper deposits in over a decade, located in Zambia, thanks to their advanced AI-driven technology. This find, expected to produce at least 300,000 tons of copper annually, underscores the increasing importance of AI in identifying critical resources essential for tech and clean energy industries. With significant backing from Silicon Valley investors, KoBold aims to revolutionize mineral exploration, addressing the global demand for raw materials necessary for batteries and other technologies. https://lnkd.in/dz-YVNfU #MiningInnovation #AIDrivenDiscovery #KoBoldMetals #CopperRevolution #TechAndCleanEnergy #SustainableMining #AIinMining #FutureOfResources #SiliconValley #GlobalMineralDemand #ArtificialIntelligence #AIFuture #MachineLearning #DataScience #AIBreakthrough #AI Arcano Research Arcano Partners Oscar de la Torre Muñoz de Morales

𝗖𝗮𝗻𝗮𝗱𝗮 𝗮𝗱𝗱𝘀 𝗵𝗶𝗴𝗵-𝗽𝘂𝗿𝗶𝘁𝘆 𝗶𝗿𝗼𝗻, 𝗽𝗵𝗼𝘀𝗽𝗵𝗼𝗿𝘂𝘀, 𝘀𝗶𝗹𝗶𝗰𝗼𝗻 𝗺𝗲𝘁𝗮𝗹 𝘁𝗼 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀 𝗹𝗶𝘀𝘁 by MINING.com Ressources naturelles Canada (RNCan) announced Monday it has updated the country’s #criticalminerals list, with three new additions. First released in 2021, the 2024 critical minerals #list was updated in consultation with provinces and territories; as well as exploration, #mining and #manufacturing industries and associations; and Indigenous organizations and communities, Natural Resources Canada said in a media release. New to the list are high-purity #iron — used in #greensteel making and #decarbonization; #phosphorus — essential for #batteries and food security, and #silicon #metal — required for #semiconductors and #computer chips. Jonathan Wilkinson, Minister of Energy and Natural Resources, said the list was reviewed and updated following “substantial consultations to focus efforts in developing robust critical minerals value chains.” #Canada ’s critical minerals list now identifies 34 #minerals and #metals deemed essential to the country’s #economic or #national #security. The full article link is here: https://lnkd.in/dQHwsJd2

AI-Driven Copper Boom in Zambia KoBold Metals has just announced the largest copper discovery in over a decade, thanks to their cutting-edge AI technology. This groundbreaking find is expected to yield at least 300,000 metric tonnes of copper annually, generating billions in revenue each year for decades. Independent assessments back KoBold's estimates, confirming the substantial size of the deposit, with even more high-grade ore yet to be mapped. KoBold's innovative TerraShed database integrates tens of millions of geological documents to create detailed 3D models, and their pioneering use of muon detectors, a technology new to mining, has revolutionized mineral exploration. This discovery could transform Zambia's economy, creating jobs and boosting infrastructure development. The global demand for copper, driven by tech, renewable energy, and EVs, is surging. With global copper mine production projected to reach 30 million metric tonnes annually by 2036 and prices expected to hit $5.44 per pound by 2026, KoBold's find is a game-changer. #copper #mininginnovation #commodities #AI #InfrastructureDevelopment #renewableenergy Source: NY Times

https://lnkd.in/gyateEP4 Last week, Canada added high-purity iron ore to its Critical Minerals List. Australia has now recognised the profound "green iron" production and export opportunity, but is in competition with the Middle East, Canada, Brazil and others for the necessary investment that is being deployed globally now as our trading partners lock in their future decarbonised supply chains. Last year, Magnetite Mines made a comprehensive submission to government for the inclusion of magnetite (able to be concentrated into very high purity iron ore and necessary to make green iron) on to Australia's Critical Minerals List. Unfortunately, magnetite neither made the Critical Minerals List nor the new Strategic Materials List. This leaves it out of focus for government support, despite the infrastructure requirements and collaboration required to realise the economy-changing opportunity of green iron production and export. We encourage this to change as a result of the current Green Metals Industry Consultation process being coordinated by the Department of Industry, Science and Resources. Madeleine King, Ed Husic MP Peter Malinauskas, Hon Tom Koutsantonis MP Department for Energy and Mining, South Australia

I am absolutely fascinated by the @nytimes article on KoBold Metals' AI-driven copper discovery in Zambia! 🌍🔍 As a professional who works on harnessing digital tech for development, it's inspiring to see how advanced tech is revolutionizing mining, driving sustainability, and reshaping global energy dynamics. #AI #TechInnovation #Sustainability https://lnkd.in/gZiFE9xp

Are strategic minerals critical? Are critical minerals strategic? Are minerals strategic to one country strategic to other countries too? The permutation & combination questions on Strategic -Critical-Countries can be endless. Looking at minerals and ores from their end usage point, their in situ resources, ability to process them from the mine to metal and remain unaffected by the supply chain to meet intended industry requirement is paramount for countries and investors/FDI.s to venturing into the strategic-critical cauldron before taking the leap. Why is my mineral critical and yours strategic? Think about it. Best is to seek professional guidance from those with the professional knowledge and experience...and know your backyard,the geology and the foreyard-the industries. well enough.

🎉 Canada has announced a new addition to its Critical Minerals List! 🎉 🥁 Drum roll please… 🥁 👏🏻Everyone, please give a warm welcome to phosphorous as it finally makes the cut, alongside high-purity iron and silicon metal! 👏🏻 An analysis was undertaken to review all minerals included in the 2021 Critical Minerals List and consider potential candidates for addition. These analyses resulted in an updated Critical Minerals List that retains all 31 minerals from the 2021 list and an additional three minerals. Read the full story below 👇 #Canada #CriticalMinerals #phosphorous #fertilizer

At last government approves the use of export finance to debt finance overseas critical minerals projects providing metals to the UK. This is something many of us have been calling for - devil as ever in the detail. Is it enough? Cost of capital is still the major issue. Will it make a difference? Will the government follow with more positive policy to position the UK better globally to benefit from building secure and resilient metal supply chains. https://lnkd.in/egmG6ajc.

American researchers are delving into ways to repurpose mining leftovers to manufacture electric vehicle batteries. Specifically, they're honing in on crafting lithium iron phosphate battery cathodes sourced from iron sulfides. Through a partnership between the Department of Energy’s Argonne National Laboratory and Talon Metals, the goal is to bolster homegrown battery production and lessen reliance on foreign sources for battery components. Talon's strategy involves extracting top-tier nickel ores and repurposing leftover minerals, such as iron compounds, to forge cathodes. This approach has the potential to transform battery production and curtail waste in American nickel extraction processes. #ev #Battery #phosphate #BatteryProduction