LION Model for Copperbelt
The Copperbelt is the largest copper and cobalt mining area in Africa. These metals contribute significantly to the economies of both the Democratic Republic of the Congo and Zambia. The size of the mining sector offers great potential for the local economy to participate in the mining process. In addition, current trends in the course of the energy transition, especially the increased use of batteries for electric vehicles and the global use of smartphones and other types of computers, will further increase the demand for copper and cobalt. To be less vulnerable to price fluctuations and to further diversify their own economies, officials in both countries look at local value addition through the extraction of copper and cobalt as drivers for development. The area of procurement in mining operations is especially promising when looking at local value addition.
The top spending categories in the Copperbelt procurement market (2021 figures in USD):
- Electricity: 597 million (DRC), 411 million (Zambia)
- Spare parts and operational expenditures (OPEX) equipment: 265 million (DRC), 207 million (Zambia)
- Fuel and lubricants: 231 million (DRC), 208 million (Zambia)
- Sulphur and sulphuric acid: 194 million (DRC), 144 million (Zambia)
- Equipment and plant maintenance: 162 million (DRC), 120 million (Zambia).