KoBold Metals, a US-based mining company backed by tech giants Bill Gates and Jeff Bezos, is expanding into the Democratic Republic of Congo (DRC) in a high-stakes bid to secure critical minerals essential for the global energy transition.
KoBold, which uses artificial intelligence to locate new deposits of metals like cobalt, copper and lithium, has announced major investment plans in the DRC – the world’s top source of cobalt, a key ingredient in electric vehicle batteries.
The company aims to apply for exploration licences and begin local recruitment, with potential investments said to be in the billions.
US strategy to rely less on China
The move comes amid broader US efforts to reduce reliance on China for energy-transition minerals. Discussions are already under way between the US and the DRC to create a strategic minerals partnership, with support from American officials to encourage private-sector involvement.
However, the expansion isn’t without its risks. The DRC faces ongoing conflict in its eastern region, with armed groups disrupting mining operations. The country also struggles with weak infrastructure and persistent perceptions of corruption. KoBold has pledged to uphold high ethical and operational standards as it builds its presence in the country.
One of the world’s largest lithium mines
In parallel, KoBold is expressing interest in a major lithium deposit in the DRC currently tied up in a legal dispute involving Chinese and Australian interests. This site could host one of the largest lithium mines in the world if developed successfully.
The company’s expansion also aligns with the philanthropic goals of its backers. The Bezos Earth Fund has committed over $100 million to protect the Congo Basin rainforest, while the Gates Foundation supports agricultural development in the region.
Congo key to reducing Chinese dominance
DRC officials have expressed enthusiasm about welcoming more Western investment to offset China’s dominance in the local mining sector. However, the country still faces significant hurdles, including energy shortages that impact mining operations.
KoBold’s move signals a renewed American interest in African mineral wealth – one that could reshape global supply chains in the race toward cleaner technologies.
