Looking for Raw Gold from Africa?

Important notice: As from the new financial year in Tanzania starting on 1st July 2024, there is no longer economic incentive to export gold to Dubai, Europe or the United States. The reason for this is a recent legislative decision in Tanzania such that where Tanzanian miners and processors sell directly to the Mwanza Precious Metals Refinery, the seller's royalties will be discounted from 6.3% to just 2%, and the 1% inspection fee will be waived. Prices paid by the refinery are currently around 98.6% of LBMA, versus 99.5% in Dubai. The effect of this change is that Tanzanian producers now receive 4.4% more when selling within Tanzania than when exporting.

Gold Finance

Our Product

We supply raw gold bullion in various forms, typically unhallmarked Doré bars.

Raw Gold Buying Terms

Payment of royalties, handling and packing costs, customs clearance within East Africa, and courier costs from East Africa to the refinery's country of operation are at ARGC's expense. Clearing costs and import tariffs, duties and taxes payable in the destination country - if applicable - are the buyer's expense.

Once cleared and transferred to the buyer's assay, 90% of anticipated product value must be paid immediately on receipt, with outstanding payment initiated within 24 hours of determining exact net metal value following assay report.

We reserves the right to accompany all consignments in transit to the location at which product is assayed and transfer of ownership occurs.

All new seller-buyer relationships require initial purchases of a 1 - 10kg sample tranche which is hand-couriered to buyer at ARGC's expense, with no demand for advance upfront payment. On successful import, value-determination by assay, and completion of this initial transaction, we will negotiate subsequent trades of larger quantity.

Maximum Monthly Supply Capability

Supply capability fluctuates. Please contact us for an estimate of projected available supplies.

Discount

As from 1st July 2024 all sales are to be conducted within Tanzania.

The Inevitable Question

"If raw gold is sold within Tanzania at 98.6% how do new entrants to the sector make any money?" - We receive questions like this weekly.

To understand how to enter the raw gold trading sector and generate reliable profit, please visit this page.