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FT: Investors bet on tech revolution to disrupt global mining

A group of investors is betting that the $1.6tn global mining industry is set to undergo the sort of digital disruption that upended the media, music and automotive industries.

T Rowe Price, Bond Capital and a dozen other investors have raised $192mn for a Bill Gates-backed start-up called Kobold Metals, which uses artificial intelligence and machine learning to find new deposits of critical metals needed for batteries and clean energy.