Bezos-Backed KoBold in Dispute Over Major African Lithium Mine

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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.

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