Services

All the services you need

Kenya Minerals Refinery Agent offers you a full list of services you will require to complete your transaction.

Gold Sourcing

We source Gold from a list of well-known sellers.

Diamond supplying

We are instrumental insupplying excellent quality Cvd Rough Diamonds

Negotiating

We negotiate the terms of the sale on your behalf.

Agreements

The sale is structured perfectly to the satisfaction of both parties.

Testing

Testing is done to authenticate the Gold has the required purity.

Smelting

The Gold is smelted from nuggets into bars.

Export Documents

We apply for the export documents from the ministry.

Logistics

We arrange the logistics for all parties and the gold.

Final ASSAY

Final ASSAY will take place in Dubai to determine the purity of closing the sale.

Payment

Payment is made to the Seller upon receipt of the final ASSAY report.

Transfer of Ownership

Proof of ownership is transferred upon the seller receiving the payment.

Airport Shuttles

We arrange airport shuttles for buyer from airport to Hotel and return trip.

Hotel Bookings

We make bookings for the buyer at hotels or apartments based on buyer preference.

Two ways to purchase gold

X-Works

X-Works means that the gold is sold in the country of origin. For example; if the gold is offered in Uganda then the sale is concluded there. The buyer and seller will meet at a mutually agreed-upon place. The buyer brings his cash and the seller brings his gold. The buyer tests the gold and if satisfactory the buyer pays the seller. Seller signs over ownership to the buyer.

The seller then has the gold smelted into bars and applies for his export documents. The Gold is then taken to the buyer’s destination. This is always the best way to buy gold and carries the least amount of risk.

CIF Dubai

CIF Dubai means that the sale of the gold is concluded in Dubai and the seller pays his own cost to get the gold there. However, it never works that way in reality. The seller will expect the buyer to pay for the export cost of raising the export documents and transport of the gold to Dubai. This, according to the seller is for the buyer to show his commitment but 99% of the time the buyer will get scammed. This method is the riskiest.

However, Kenya Minerals and Refinery Agency has ways to structure these deals so that the buyer is not at risk.

Buyer Requirements

Before a buyer can consider transacting in Gold he must have the following first:

  1. The most important is that the buyer must have the funds available. This entails funds: (a) to pay for the transactional cost (b) agency fee (c) taxes and export documentation and (d) to pay for the gold after final ASSAY. If the buyer cannot prove that he has these funds then we will not entertain the buyer. The minimum gold that can be purchased as a trial is 23kg. In this regard the buyer must have approximately USD 1 248 889.00 depending on the price of the gold. If the buyer is only paying for transactional cost, export cost, logistics and the buyer is selling the gold in Dubai then the buyer bank and the company who is purchasing in Dubai must belong to the same bank as funds needs to be immediately available to pay the seller upon receipt of the final ASSAY. In this regard the buyer will still need to have at least USD 250 000 available.
  2. Buyer needs to be vaccinated for yellow fever 10 days prior to travel. if yellow fever was done previously then there must be at least 6 months left prior travel.
  3. Buyer must apply for the necessary visa’s.

Our Service to You

  • Our business with our clients is kept in the strictest confidence, your details, and the transaction details will never be shared with anyone. We have very strict confidentiality terms in place for the protection of all parties.
  • As our client you will not have to do anything other than provide us with the required funds for transactional costs. You are most welcome to be present if you so wish to witness how things are done but this is not a requirement and is totally up to you.
  • We arrange an airport shuttle for your travels as well as hotel bookings according to your budget and specification.
  • We will source a good seller should you not have a gold seller.
  • We negotiate the best price and terms for you.
  • Should you not be able to arrange to have the funds in Uganda when we can assist you.
  • Draft heads of agreement outlining the terms of the sale
  • Testing of the gold to verify its purity.
  • Smelting of the gold in dore bar.
  • Arrange a bank security locker if required to store the gold while waiting for the export documents which can take up to 7 working days.
  • Applying for the necessary export documents.
  • Assist the buyer to transport the gold to Dubai.
  • Should you not have a buyer, no problem, we can assist you in Dubai to sell the Gold.

Transporting the Gold to Dubai

The gold can be transported in two ways; (a) either by hand carrying it on your flight to Dubai or (b) using Emirates Sky Cargo. We recommend hand carrying the Gold as this is the safest and the gold never leaves your sight. You will have to travel business class with Emirates as you are allowed 14kg hand luggage. If you are carrying more than 14kg then two people should carry a potion each so that you comply with regulations.

Our Fees

Our fees are charged based on how your deal is structured. We will provide you with our fee structure after we have determined the nature of the deal.

Let's discuss your deal