World & Africa

US billionaires acquire DRC lithium deposit

KoBold Metals, backed by U.S. billionaires Jeff Bezos and Bill Gates, has signed a deal with the DRC to acquire the prized Manono lithium deposit and ramp up critical minerals exploration.

The agreement is a twist in the battle for Manono, one of the world’s largest lithium deposits, key to EV battery production.

Australia’s AVZ Minerals has been locked in a long legal fight with the Congolese government over rights to the mine.

KoBold’s deal signals Kinshasa’s preference for the U.S. firm as the partner to break the deadlock and move the project forward.

Online sources

Share
Published by
Muzavazi

Recent Posts

Buying Cars in Harare & South Africa via Beitbridge: A Complete 2025 Guide

Buying a car in South Africa and bringing it into Zimbabwe through Beitbridge has become… Read More

4th December 2025

A New Era Begins — Our Football Coverage Has Moved to Mzansi.com

For years, our platform has been your trusted destination for breaking football news, match updates,… Read More

26th November 2025

Autos.Africa: Connecting Africa’s EV Car Buyers, Exporters, and Dealers in One Automotive Network

Across Africa, vehicle buyers and importers are discovering a new way to connect — through… Read More

5th November 2025

Buy UK, South African and Chinese Vehicles in Lesotho — CarsInLesotho.com Opens Global Access to Quality Cars and Trucks

Cars for sale in Lesotho  are now easily available to consumers with different budgets. Moreover,… Read More

5th November 2025

3 perish, 18 injured in fatal RTA along Harare-Mutare road

The Zimbabwe Republic Police (ZRP) confirms a fatal road traffic accident which occurred on 23/10/25… Read More

24th October 2025

CIO bursts WhatsApp extortion web scam

Zimbabwe's state security agency, Central Intelligence Organisation (CIO) has burst an intricate WhatsApp-based scam through… Read More

24th October 2025