Construction
Mingomba copper project
KoBold Metals' flagship Zambian development at Chililabombwe — described as the largest private investment in Zambia's history.
Where on the corridor
- Announced
- Study
- Design
- Prequalification
- Bid
- Evaluation
- Award
- Construction
- Operational
- Total value
- $2.20B
- Target completion
- 1 December 2032
- Countries
- Zambia
- Sector
- Mining
<p>KoBold (80%) and ZCCM-IH (20%) broke ground on shaft construction on 29 April 2026, in a ceremony officiated by President Hichilema, U.S. Ambassador Michael C. Gonzales and Mines Minister Paul Kabuswe. Target ~300,000 t/yr of copper with first production in the early 2030s; the deposit grades 3.64% Cu across 247 Mt.</p><p><em>Editorial note: reported capex varies — $2.2bn (Zambia State House) / $2.3bn (MINING.COM) / $2.5bn (Billionaires.Africa).</em></p>