I want to spend most of my time today talking about one company: KoBold Metals, a silicon valley start-up who are, to my knowledge, the most egregious exploiters of the energy transition agenda to engage in neocolonial plunder of critical minerals from the Global South. However, before getting into that I want to quickly lay out a pattern that I came across from doing some archival research around the geological surveys undertaken by the British Colonial Geological Survey of what were then referred to as its African protectorates. In the 1950s relatively high prices for niobium stimulated geological prospecting for rare earths in these colonies, amongst them the identification by Tanganyika Geological Survey of the rare-earth bearing carbonatite at Wigu Hill. As the author writes, at that time “Naturally some of the carbonatites that were examined were found to be of little economic interest”.

Sixty years later, however, in March 2008, the Canadian mining company Montero commenced prospecting activities on Wigu Hill. After a decade of exploration and chemical assays on rocks extracted from the site, the Tanzanian government rescinded their retention license. As a result, the mining company filed for arbitration, requesting compensation of 90 million Canadian dollars for what it called <quote> the “unlawful expropriation and mistreatment of Montero’s investment in Tanzania”.<end quote>
In November 2024 a settlement was finally reached, with Tanzania being forced to pay Montero £27 million US dollars in three instalments. As this instance shows, when western mining corporations are prevented from extracting wealth from an African state, they cry expropriation and use international arbitration procedures to recoup their financial speculation on the territorial resources of another sovereign nation.
To my mind, this case is exemplary of what Kathryn Yusoff describes as the slippage between the two meanings of “property” in the context of geology: “property as a description of mineralogy and property as an acquisition”. The right to prospect, which is the right to describe the mineral properties of a given location, becomes conflated with the right to acquire those minerals as property. As an artist I’m particularly interested in the visual cultures that enable dispossession. So, for example here – on the left a diagram of how the properties of a mineral are changed into a metal – a process is called beneficiation, which I’ll come back to later, and on the right a diagram of corporate ownerships showing how – in this case – Tanzanian Nickel becomes the property of a company headquartered in the Isle of Man.

The 1957 summary of Colonial Geological Surveys contains numerous references to minerals now crucial to energy transition. The introduction lists findings of rare-earth minerals at several locations including Nkombwa, Kangankunde, Tundulu, Mrima. Now, with energy transition a political priority and the automobile industry dependent on electrification to stay in business, these hills are all being prospected, contested, or actively extracted.
In July 2022, Marula Mining reported their plans to mine the monazites of Nkombwa Hill, it has now abandoned the project in pursuit of more profitable projects. Lindian Resources is currently set to commence production of rare earths at Kangankunde Hill, Malawi. Also in Malawi, in June 2024 DY6 Metals received confirmation of the license for their Tundulu project. It is only Mrima Hill in Kenya that bucks the trend, where, following the suspension of a mining license by the Kenyan government, a tribunal dismissed the case that had been brought by Cortec Mining and Stirling Capital. It seems that every single deposit found and deemed uneconomic is now suddenly being mined. I’m interested in this line that says “investors were spooked by resource nationalism”. Because the competition for critical minerals is often hailed by those on the right as a nationalist concern. Especially in the US, where Senator’s like Todd Young are aggressively pursuing legislation to enable critical minerals trade deals in the explicit name of nationalism, yet of course when a “resource rich” nation —a term which seems to be used as a euphemism for a poor country—pursues resource nationalism, then that is sufficient to “spook” investors.
So —hopefully that gives a picture of the research— I have been combing through colonial archive documents, investor presentations, prospecting reports and environment impact assessments and consistently finding the same pattern. For example here’s a British colonial era geological map of Tanzania and here’s a map from a corporate slideshow by Kabanga Nickel which seems blissfully unaware that it reads visually as a complete erasure of the topology, history, and community of a sovereign nation, annotating its land solely with the corporate interests who own various patches of its subsoil.

Having established this pattern, I want to move on to KoBold Metals – a company who have clearly learnt to keep their white male executives and shareholders out of their publicity materials. The company’s explicit aim is to develop “a Google Maps of the Earth’s crust, with a special focus on finding copper, cobalt, nickel and lithium deposits”. The reasons for this selection of metals are evident from the investor presentations of numerous mining companies currently prospecting in Africa. Batteries. Batteries for cars.
Yusoff describes geology as a white science. What is immediately apparent from researching current mining projects to resource energy transition is how the expropriative terminologies and technics of white geology are being mobilized to prospect for resources to guarantee the survival of an equally white automobility. The clean, green claims of the electric vehicle industry will be underwritten by the pollution of African landscapes and the labour of its inhabitants. The freedom of movement enjoyed by white populations is once again a privilege built on expropriation.
Unlike most of the companies mentioned so far KoBold are not a traditional mining company. But first and foremost are a technology company who are applying the standard playbook of machine learning and artificial intelligence found in LLMs to the process of geological prospecting. To do so they have developed two proprietary software packages, which I will discuss in some detail:
TerraShed
The first of these, TerraShed is a geoscience database for storing and accessing exploration data which can then be analysed by the second, their MachineProspector package, which they describe as: “a continually evolving system comprising a growing repository of proprietary machine learning, data processing and artificial intelligence modules”. KoBold offers potential partners the benefits of these two software services, neither of which are available for licence or sale, in exchange for their data.
TerraShed <and I’m quoting here from an article about the company>: “functions like a massive data integration and visualization engine. It ingests geological maps, geophysical surveys, geochemical analyses, drilling records, satellite imagery, topography, climate data, and dozens of other data types. The platform standardizes these diverse formats, aligns them spatially and temporally, and creates unified representations of geological information across large regions. This integration alone provides value because it makes previously siloed data accessible together.”
The most recent estimate I can find suggest that this database already holds somewhere between 3 and 5% of global geoscience data. How is this acquired? Here I’d like to show you two opposing examples of how geological archive data has either been made available or contested by the authorities holding the data. In the first case, Zambia, who have essentially handed the responsibility for digitising its archive to KoBold, for whom it then becomes valuable training data for its AI prospecting tool.

At the other end of the spectrum, the Africa Museum in Belgium recently denied KoBold the right to digitise its geological survey archive of the Congo, their director is quoted as saying <quote> “Privatising them does not seem fair to us and would give one company a significant commercial advantage over another, which is not in line with our identity as a public and scientific service” <end quote> It seems strange to me that a museum of looted artefacts and archives in a European colonising nation is now the last bastion protecting that country’s resources from further exploitation.
However, KoBold appears to have circumvented this decision by coming to agreement with Congolese authorities… In July 2025, the DRC and Kobold Metals committed to <quote> “cooperate to provide free public access to historical geoscientific data through the National Geological Service of Congo (SGNC) in the interest of all”. <end quote> But clearly to the greatest financial interest of KoBold, and just last month KoBold announced that it has signed a deal with the government of Burundi to digitise their geological archives.
Machine Prospector
In a talk by KoBold CEO Kurt House, he explains how they differ from traditional prospecting companies. The industry standard model of predicting the shape and size of a target mineral ore is to generate a single block model. It’s what House refers to disparagingly as a best guess. Instead MachineProspector takes the scientific observations from a specific location and – using the knowledge of previous explorations and mined ore bodies stored in TerraShed –it makes thousands of simulations of the possible shape of a mineral deposit that would fit the observed data. It then superimposes all of the matches on top of one another to determine <and now I’m quoting again> “The precise location, depth, and angle of the hole that would intersect the largest number of all the possible deposits is calculated to determine where to mine.”
And—from the effusive promotional material scattered all over the internet—it seems to be very successful. At this point all of a sudden KoBold starts to look very much like a traditional mining company, so right now in Zambia it is drilling what House unironically refers to in his talk as “one of the neatest new copper deposits around at Mingomba”.

Here, down in the foreground, we see KoBold’s drill rig at Mingomba from the vantage point of a drone. I’m interested not only in how the geological diagramming of the subsoil erases the cultural and ecological value of place, but also how photographs like this — and indeed the one of Wigu Hill with which I started — are used to construct an image of the land as an empty, uninhabited terrain, visually producing the impression that mining here doesn’t impact communities. Although of course we can also observe the river running across the image and ask what the Environment Impact Assessment will have to say about the inevitable danger to that fresh water source, to the migratory communities of mammals that might rely on it and be displaced and so on.
But going back to KoBold’s MachineProspector, the software goes further than telling you where to dig: by highlighting “what type of data would affect the per unit dollar of exploration expenditure, recommending what data should be collected next.”
KoBold isn’t only ingesting legacy data, its business model operates on the basis that by outsourcing the services of MachineProspector to other companies it can profit both financially and data-colonially: the more data it ingests, the more accurate its models, the more accurate its models the more invaluable it becomes as prospecting service until it reaches the point where the cost of “traditional” prospecting in labour and time becomes unsustainable by comparison with the loss of a portion of your profits to partner with KoBold. So, to feed TerraShed, KoBold has initiated numerous joint ventures and earn-in partnerships with other mining companies, ranging from large international mining corporations like Rio Tinto and BHP to smaller subsidiaries prospecting individual locations. In the case of smaller organisations like Libra Energy, who are prospecting for Lithium in Flanders, Canada, KoBold have signed an earn-in agreement that would see them taking 75% of the profits from that project by its 6th year, on the understanding that they commit $33million to exploration of the project. And the reason they are able to get such beneficial terms is that their expenditure on the project exceeds the entire valuation of the Libra Energy as a company.
KoBold currently has similar joint ventures and earn-in agreements signed with companies exploring in Finland, Greenland, DRC, Canada, and Zambia, and it has also proven that if the results of prospecting don’t look promising they are willing to pull out, but of course when they do—as with Midnight Sun’s Solwezi project in Zambia—they have still increased the value of their software along the way by giving it more field tests. So, during this early stage in the company’s development, for KoBold these ventures are win-win even without the production of minerals.
Where does that money come from? In short: Big Tech. KoBold has initiated three private sector funding rounds, the first of which in March 2019 raised $20million including from Venture Capital Fund Breakthrough Energy Ventures which is funded by Jeff Bezos, Bill Gates, and Michael Bloomberg. But also from Equinor – the Norwegian state oil company. Its second funding round raid $192million and its most recent one last year raised $537 million, the majority of which is being ploughed into turning the Mingomba deposit in Zambia into a working mine. This is my diagram of the income and interests of this single company. I suspect its not as exhaustive as it could be.

Beneficiation and waste
I said at the start that I would come back to the process of beneficiation, which is the name given by the mining industry to the production of metal-rich concentrate from raw ores. Beneficiation, literally means making good, but this ostensibly objective term again contains a racialised dynamic, because— in all processes of refinement—this “making good” produces waste materials known as “spoil” or “tailings”, which usually constitutes over 90% of the material mined. So, the “good”, or in other words valuable, product extracted is a tiny fraction, the massive majority of which ends up dumped in heaps or tailings ponds. The shadow of white beneficiation is the enduring pollution of black and brown peoples’ homelands from which its resources have plundered. But now that the raw material demands of infrastructure have changed, these spoil heaps are actually found to contain highly desirable percentages of scarce metals. Colonialism isn’t the only thing being recycled in sub-Saharan Africa for energy transition. There is also some literal recycling of waste materials: in this case Germanium.
This is the centre of Lubumbashi, where the pile of mine waste colloquially known as Big Hill has dominated the skyline for decades since Belgian colonizers were expelled from the country in 1967. The map on the left shows you the extent to which Lubumbashi has been dominated by the mining industry, and here it is 1917, when the Belgian mining company Union Miniere Haut-Katanga (UMHK) operated a copper and cobalt mine on the site.

In the case of Big Hill the historic relationships between colonial mining and contemporary resources are not merely contextual but actual. Following its ejection from the Congo UMHK rebranded itself Union Minière in 1968 and, following a merger with other companies in 2001, eventually became Umicore, who have now signed a deal with a Congolese company which is processing germanium from the mine waste in Big Hill. The 10 million tons of spoil in Lubumbashi literally generated some of the wealth upon which Umicore’s corporate knowledge and mineral processing expertise was built. This expertise is now being sold back to the same country ‘in return for exclusive access to the processed germanium’. The collateral debris from one round of expropriation now serves as the raw material for a second round.
In rare earth mining the quantity and toxicity of its tailings is particularly egregious, usually containing high quantities of heavy metals such as cadmium and the radioactive element thorium. So the legacy of the current proliferation of rare earth mines across Africa will be an equal number of toxic tailings ponds whose contents will poison the land for decades to come, until the heavy metals contained in them becomes valuable enough that a profit can be gouged out of reprocessing them. And of course, KoBold are now implicated in this reprocessing race too. This is Manono, also in the DRC, historically this was the site of the Manono-Kitotolo tin and cobalt mine, run by a Belgian mining company, and leaving a legacy of tailings ponds and spoil heaps as well as remaining pegmatite deposits beneath them which are rich in Lithium. This site particularly emblematic of the current global critical minerals race as Chinese mining corporation Zijin is currently developing a mine on its north-east section, while Kobold has purchased the share owned by Australian mining company AVZ. The centre of Africa is once again, being carved up while between global powers to fuel their economic development and maintain their geopolitical power. Documents like these, which proclaim to bring peace and prosperity, while admitting that their sole purpose is to <quote> bring the Manono Lithium to Western markets <end quote>.
In some ways you have to hand it to House and his co-founders – geophysical prospecting is quite simply a far better use case for Artificial Intelligence than the text and image generation that dominates headlines. There are a finite number of mineral formulations which at this point are well known, surveyed, observed, and diagrammed. Training an AI to recognise the signs of these deposits is a commercial no-brainer, as is reflected by KoBold’s current $2.96 billion valuation as a company.
KoBold have also recognised what is repulsively referred to as the “generational opportunity” provided by energy transition. This phrase is reminiscent of what TJ Demos has referred to as ‘disaster capitalism: which flips runaway climate change into an economic opportunity achieved through techno-scientific rationality matched by Silicon Valley funding’. This simple phrase discloses KoBold’s perspective: that energy transition is less an essential de-escalation of emissions than it is an opportunity to generate economic growth through the perpetuation of an extractive industry, now under the guise of sustainability. This nominal commitment to sustainability as the ultimate goal of infrastructural transition is now enabling a rapid expansion of mining projects that ignore their own unsustainability.
Under the corporate practices of KoBold (and others) energy transition is mobilised as ethical cover for an exploitative reinvigoration of colonial mining practices. But where this all gets far more complex is when we factor in the entanglement of Artificial Intelligence. The NYT captured the circular loop in this logic with their headline about the company.
The AI boom is fuelling a massive expansion of computational capacity – and I’m not going to say anything about data centers this morning because there are people here today, including the next speaker, who know far more about that subject than I do – but one of the clear possibilities of the coincidence of energy transition with the current AI boom, is that the electrification made possible by companies like KoBold’s rampant expansion of mining activities is that it fuels energy additionality rather than energy transition.
The expansion of mining—for which consent is being manufactured on the basis of transitioning away from fossil fuels—might only end up feeding the expanding energy requirements of AI technology, one of whose functions is now to find the minerals required for its own computational capacities. The scarcity of these minerals, and the complex metallurgical processes required for their beneficiation will produce mountains of waste and toxic lakes at the sites of their extraction. The foundations of energy transition look likely to produce radioactive mud for some communities to ensure access to A.I. slop for others. Energy transition will provide the illusion of emissions free automobility to its white consumers, and another proliferation of poisonous playgrounds and used car tyres for African children.

















