Nad Philip

We are local gold miners association in Burkina Faso, we sell at a local price to serious buyers that can assist us to upgrade to a standard semi industrialised mining company. I am ready to collaborate with any buyer for joint ventures capacity,presently we mine 5kg daily from my concessed land and with serious investor partner we can mine upto 20 kg daily.

We have our ready available 350 KG at the offer below

Commodity : (Au) Dust/Nuggets
Origin : Burkina Faso
Quality : 22+ carats
Quantity : 350 kilos
Packaging : 25 kg bags
Incoterm 2000 : FOB ou CIF
Price : $26,600/ kg
payment : Cash/TT,


FACTS THAT YOU MUST KNOW ABOUT GOLD TRANSACTION HERE IN BURKINA FASO

In burkina faso, The Government regulate the local gold mining,industrialised mining companies and exporting or local buying and selling in burkina faso.

In Burkian faso we do not have PMMC like Ghana, what we have is the BUMIGEB which is the government Assay compâny.We also have independent Assay companies like the SGS and others.

The mining of gold section in Burkina faso

We have two type of mining sector in Burkina faso
1.the local miners: The local miners are group of organised local village miners that agreed with the owner of acres of land full with deposits of gold. The land owners agreed with local miners to mine the land locally by local digging deep to collect gold deposits and the villagers wives and children comes to the farm to work by washing the collected gold , thereby making it family work.

2. the industrialised mining company:this is company that have foreign partners that comes into Burkina faso with mining machines to operate with government having certain percentage on the company.

The local miners must work with freighting agent because they are not given export license but permit to export gold once they declare that they have foreign investor as partners and they want to export gold as samples to abroad , the export license are only limited to local mining with only mining license and must sell their gold to government approved agents direct.while the industrialised mining company are authorised to export gold because they have export license.

The government here make provisions for local Buyers of gold dust and bars, but the local Buyers are government agents fully legalised to go round the villages to buy gold from the local miners sometimes called artesanate or cladestine workers. the government always insist that local miners must upgrade to either a semi industrialised company or a full industrialised company before they can enjoy benefits of export license.

The local buyers
There are hundreds of local gold owners or sellers and local buyers in Burkina faso.But, No owner or seller is required to hold an export license.simply because the local miners sells at a bush price and if given export license they will float the gold market; so in order for the governemnt to monopolise the gold market, all exportation of gold must follow a regular routines as below:

To legally export gold from Burkina Faso to foreign buyer’s destination.
The GSD (Geological Survey Department ) assay report is the initiating document in the legal export process.

The Geological Survey Department (GSD) is the governmental authority whose document-Official government assay report- initiates the legal export process.

With all due respect to differing opinions of whether the assay report will stand up to the buyer’s refinery’s assay report, the fact remains gold will not be legally processed for export without the GSD’s official assay report or any independent Assay company here in Burkina faso.

1.the Assay report must be procured by taking the gold to the Geological Survey Department and pay for the test which is normally a sample test with a confirmation of the Assay report.

2.thereafter the gold is taken to the Airport Customs where the export