Who are we
We are a counter, purchase, sale, export, intermediation and representation of artisanal gold miners in Guinea.
Selon la disposition du code N006/CNT 12011
In Articles 59, 60, and 61, any legal entity holding a license approved by the Ministry of Mines has the right to open a buying, selling, and exporting office.
Purchase categories
We purchase gold from various sources, including:
• Artisanal miners: Artisanal miners produce a large portion of the gold in Guinea, with a production of 2.5 million ounces in 2020, representing 85% of the country’s total gold exports.
For the security of our transactions,
1) We purchase from reputable and verified suppliers.
2) We compare prices and verify product grades to ensure the best possible quality/price ratio for our end buyers.
3) We are meticulous about sales conditions to ensure secure and transparent transactions.
Sales
This is an interesting opportunity for international buyers of Guinean gold to benefit from local market prices.
To succeed in this process, we consider the following aspects
Knowing local market prices
Hazardous working conditions, lack of protective equipment, and inadequate safety protocols.
Identifying potential buyers
Difficulty reaching buyers, negotiating fair prices, and accessing international markets.
Building strong relationships
Complex and sometimes unclear regulations, licensing issues, and bureaucratic hurdles.
We comply with local and international regulations
regarding gold exports, particularly regarding certification, taxation, and the fight against illicit trade.
By working with international buyers, our goal is to expand our client network worldwide based on a win-win, serious, and transparent partnership.
About Us
Guinée Gold Hub
Exportation
All export requests must be addressed to the Directorate General of the BNE, which will be forwarded to the Directorate General of Operations of the BCRG, along with a copy of the export license.
• All gold exports from Guinea are handled by the Central Bank.
• The gold must be processed through the BCRG laboratory for melting and assaying, against payment of GNF THREE HUNDRED (300) per gram for laboratory fees.
• The quantity to be exported must be duly and formally declared to the country’s Customs services.
• Administrative and Customs formalities (mail from the BCRG to Customs, declaration, and export authorization issued by the Directorate General of Customs) will be completed once the exporter has paid the export tax in foreign currency to the Treasury, which amounts to 0.55% of the value of the batch to be exported. • The BCRG’s fee for receiving, storing, and securely transporting each shipment to the airport is 0.15 of the value of the package to be exported.
• The exporting client is free to domicile their transaction commercially at the BCRG or at any other local bank.
• In accordance with current foreign exchange regulations, the exporting client is required to repatriate the foreign currency equivalent of the exported quantity within forty-five (45) days from the date of shipment of the consignment.
• The destination of the consignment to be exported remains at the exporter’s discretion.
Intermédiation
Intermediation between suppliers and buyers is a key role for a trading house.
Here are some benefits and considerations for this role we play as a trading house:
Benefits:
• Facilitating transactions: We help facilitate transactions between suppliers and buyers by connecting the parties and negotiating the terms of the transaction.
• Ensuring quality and authenticity: We guarantee the quality and authenticity of the product for buyers.
• Negotiating prices: We negotiate gold prices between suppliers and buyers, which can help secure better prices.
Considerations:
• Knowing the market:
We have extensive market knowledge, including prices, trends, and regulations. • Building Trust: We build trusting relationships with suppliers and buyers to ensure secure and transparent transactions.
• Managing Risk: Our trading desk manages the risks associated with intermediation, including non-payment, delivery, and gold quality risks.
Representation
La représentation des orpailleurs locaux auprès des acheteurs est un rôle important pour un comptoir. Voici quelques avantages et considérations pour ce rôle que jouons :
Avantages :
• Défendre les intérêts des orpailleurs : Le comptoir défends les intérêts des orpailleurs locaux en négociant des prix équitables et en garantissant que les conditions de vente sont respectées.
• Faciliter l’accès au marché : Le comptoir aideles orpailleurs locaux à accéder à des marchés plus larges et à des acheteurs plus importants, ce qui peut augmenter leurs revenus.
• Améliorer la transparence : Le comptoir à améliorer la transparence dans les transactions entre les orpailleurs et les acheteurs, ce qui peut réduire les risques de fraude et d’exploitation.
Considérations :
• Connaître les besoins des orpailleurs : Le comptoir doit connaître les besoins et les préoccupations des orpailleurs locaux, pour pouvoir les représenter de manière efficace.
• Établir des relations de confiance : Nous établissons des relations de confiance avec les orpailleurs locaux, pour que leurs intérêts soient défendus de manière efficace.
• Gérer les conflits d’intérêts : Nous gérons les conflits d’intérêts potentiels entre les orpailleurs et les acheteurs, pour garantir que les transactions sont équitables et transparentes.
En représentant les orpailleurs locaux auprès des acheteurs, nous aidons à améliorer les conditions de vie des orpailleurs et de leurs communautés.
