Posted: May 27, 2022
Twenty mining exporters that are supported by the Department of Trade, Industry and Competition (the dtic) will participate and exhibit their products and services at the DRC Mining Week, which will take place in Lubumbashi, Democratic Republic of Congo (DRC) from 1-3 June 2022.
The show is expected to attract 230 exhibitors and over 5 000 attendees. According to analysts, global refined cobalt production is expected to reach 223,000 tonnes in 2025, a rise of 38.5% from 2021 and the DRC is the world’s largest supplier of cobalt, producing around 70% of the metal. With total mineral wealth estimated in the tens of trillions of dollars, the DRC offers opportunities for South African exporters.
The Deputy Minister of Trade, Industry and Competition, Ms Nomalungelo Gina says the exhibition will expose South African mining exporters to export opportunities not only in the DRC, but also, in the Central and Southern African Development Community (SADC) region.
“This is a perfect opportunity to market SA’s mining equipment and related products. It will also create an opportunity to interact and network with potential agents and distributors in the DRC. South Africa is the DRC’s biggest supplier of foreign goods and services, providing more than 20% of the country’s total imports. Therefore, the DRC has become a significant market for South African businesses. The core economic sectors where South Africa has invested in, in the DRC are: agriculture and retail, telecommunications, mining and construction, logistics and other services, electricity and infrastructure,” says Gina.
The main products exported to DRC, amongst others, are, steel structures, machinery parts, cocks and valves for pipes, as well as parts for boring or sinking machinery.
“There is a huge untapped potential for South African exporters to increase exports of capital goods into the DRC’s mining industry with potential exports of mining equipment and related products estimated to be around R569 million.” says Gina.
the dtic assisted these companies to participate in the exhibition through its Export Marketing & Investment Assistance (EMIA) Scheme. The objective of the scheme is to develop export markets for South African products and services and to recruit new foreign direct investment into the country.
Bongani Lukhele – Director: Media Relations
Tel: (012) 394 1643
Mobile: 079 5083 457
WhatsApp: 074 2998 512
Issued by: The Department of Trade, Industry and Competition (the dtic)