Economy

ZIMEC: DRC seeks Zambian partnerships to drive mineral value addition

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Democratic Republic of Congo (DRC) ambassador to Zambia, Didier Bapaga, says the two countries should collaborate in creating strong mining value-chain base.

Bapaga told delegates at the ongoing Zambia International Mining and Energy Conference and Exhibition (ZIMEC ) in Kiwe on Wednesday that though the two countries were endowed with trending minerals like copper and cobalt, there was little value addition.

“We have continued getting a raw deal in mining because we export raw copper and cobalt among others, things need to change by collaborating in establishing value adding industries,” he stated.

Read more: UNECA says results for pre-feasibility study on Zambia-DRC battery value chain to be ready end of 2023

Bapaga, however, stated that the signing of the Memorandum of Understanding (MoU) on electric vehicle value chain was going to bring industrial revolution.

He said the DRC government was committed to work with its Zambian counterpart to create a strong mineral value industry.

In April 2022, Zambia and the DRC signed a cooperation agreement to facilitate the development of the value chain in the electric battery and clean energy sector.

The deal had provided a framework for bilateral cooperation on the initiative to develop the battery value chain as well as strengthen collaboration between Zambia and DRC.

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