Bezos-Backed KoBold in Dispute Over Major African Lithium Mine

Date:

Bezos-Backed KoBold in Dispute Over Major African Lithium Mine

Artisanal miners work in the Kamituga artisanal mine, in the South Kivu province, Democratic Republic of Congo, on Sept. 20, 2024. Glody Murhabazi/AFP via Getty Images

A Perth-based miner that holds a majority stake in a disputed lithium project in the Democratic Republic of Congo (DRC) has claimed that a deal between the Congolese government and U.S. company KoBold Metals breaches an existing international arbitration order.

On July 18, the Congolese government signed an agreement with KoBold Metals, a technology-driven mining exploration company backed by U.S. billionaires Jeff Bezos and Bill Gates, paving the way for the latter to acquire the Roche Dure lithium deposit in Manono, south of Congo.

spot_imgspot_imgspot_img

Share post:

More like this
Related

China Tightens Social Security Enforcement, Squeezing Struggling Businesses

As China’s fiscal pressures mount, tax authorities are tightening...

Zhu Rongjis Death Raises Questions About Political Discontent as Xi Faces Key Party Meeting

Former Chinese Premier Zhu Rongji’s death could become a...

11 Charged in Immigration Scheme Involving More Than 1,000 Sham Marriages

The Department of Justice (DOJ) has charged 11 people...

Ukraine Has Retaken 288 Sq Miles in Operation This Year, Zelenskyy Says

Ukrainian forces have recaptured 288 square miles of Russian-occupied...