The Cobalt Fire Pit was discovered by the true descendants of the ancient Incas within an underground cavern complex: it gave them warmth, light and energy for generations, and its fire was always guarded by a Keeper of the Flame, the only one able to control the everburning flames, fed by endless quantities of specially-treated cobalt.
The current Keeper of the Flame called for more cobalt to increase his power and dethroned the legitimate Prince Rey. Fearing interference from the outside world and wishing to use the flames to create a combalt bomb, he emprisoned Dr. Anton and Goliath[1].
The fire pit was eventually destroyed by the Avengers, thus ending the battle between the Keeper's and Prince Rey's forces[2].

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