- Phone
- +237 7799...
- Send email
- Country
- CameroonCameroon
- Address
-
35B Rue De La Belle
Batouri
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Cameroon Near None
Company Description
BATOURI MINERS COMPANY C.I.G is a cooperative, non-governmental,
Common Initiative Group Located in the East Region of the Republic of Cameroon. The cooperative was created to serve the interest of the local miners to assist them locate foreign capital, reliable and
potential investors as well as buyers on a long term contract,
We serve the interest of (4) four licensed small -scale mining
cooperative with over 850 local Miners. BACON MINERS COMPANY is
registered with all the necessary agencies of the government and we
have the requisite authorization to export gold as a result the
cooperative is legally established and holds collective responsibility in our business transactions at both home and abroad,
A) ALLUVIAL GOLD DUST
a) COMMODITY:Gold (AU)
b) FORM: Alluvial Gold Dust.
c) PURITY: 92.05% or better
d) FINENESS: 22 carats or better
A) ALLUVIAL GOLD BARS
a) COMMODITY: Gold (AU)
b) FORM: Alluvial Gold Bars.
c) PURITY: 99.95% or better
d) FINENESS: 24 carats or better
ASSAY: Final assay to be made at and by Buyer's registered and
nominated Refinery and this value will be accepted by both Buyer and
Seller, and payment will executed on total content of pure fine gold
“24 carats” as reflected on the Assay report.
ORIGIN: Cameroon
PACKING:Export Package Boxes / dust
We advice your keen reading of the step by step procedure to purchase precious stones (Diamond/Gold) out of the Republic of Cameroon I welcome any clarification as regards the Below Terms and condition stipulated by the Ministry of Miners and Technological Development in accordance with the International Chamber of Commerce (ICC) for the purchase and Sale of Gold (Type: Alluvial) out of the National Territory of the Republic of Cameroon .
Below is a summary again for your clear understanding;
1.) Seller send buyer an ICC recognized Full Cooperate Offer (FCO)
on seller's letterhead with the stipulated terms and condition of the Ministry of Industry Mines and Technological development.
2.) Buyer carries out due diligence if need be before initializing and sealing the Full Cooperate Offer (FCO) and return to seller in PDF format within 5 working days(Time to carry out due diligence with the seller certificate of in-cooperation).
3.) Seller confirms Full Cooperate Offer (FCO) from the buyers end with 1 working day.
4.) Seller send buyer an ICC recognized drafts Sale and Purchase
Agreement (SPA) with the stipulated terms and condition of the
Ministry of Industry Mines and technological Development
5.) Buyer keenly read and confirms the SALES AND PURCHASE AGREEMENT(SPA) with the seller if the terms and condition are as in Full Cooperate Offer (FCO).
6.) Seller book an appoint for Pre-Assay test with the Ministry of Geological and Scientific Research and Innovation, Pre-Assay report be accompanied with live photos of the Diamond/Gold with the buyer's detail information clearly written out and certified by the seller's bank as proof of product.
7.) Seller books an appointment with the Ministry of Mines and
Technological Development for the deposition of the contract for
verification and approval and the agreed quantity as per the SALES AND PURCHASE AGREEMENT (SPA) between the seller and buyer.
8.) The Ministry of Mines and Technological Development, department of Precious Metals Safe Keeping House confirms the deposition of the contract, Pre-Assay from the Ministry of Geological and Scientific Research and Innovation and gold to the buyer with photos
9.) The Board of Directors (BOD) of the Ministry of Industry, Mines and Technological Development, department of Precious Metals Safe Keeping House after verification of all seller documents, The Board of Directors (BOD) of the Ministry of Mines and Technological Development calls the buyer and all mandates as per on the SALES AND PURCHASE AGREEMENT(SPA) after the interview and due diligence to confirm if the buyer is ready, willing and able to pay for the Diamond/Gold after the final Assay report at the buyers refinery.
10.) The BOD of the Ministry of Mines and Technological Development, department of Precious Metals Safe Keeping House if they confirm the buyer is genuine able to pay for the Gold after the final Assay Report by the buyer's refinery then seller will be asked to pay 75% SK fee within 4 hours as per the constitutions of sale of precious metals out of the national territory of the Republic of Cameroon.
11.) As Soon the accountant of the Ministry of Mines and
Technological Development confirms 75% payment from the seller's end
then the Board of Directors (BOD) of the Ministry of Industry, Mines
and Technological Development will confirm this to the buyer with a
scan copy of the receipt of payment, Pro-forma invoice for the pending 25% of the safe fee within 24 hours to be paid from the buyer's end directly into their account. NOTE 25% OF THE SAFE KEEPING FEE IS NOT 25% OF THE TOTAL INVOICE VALUE OF THE GOLD. CONFIRM BACK FOR CLARIFICATION
Find below is how the Safe keeping fee is calculated
The Gold is Safe kept for a maximum period of five (5) working days
pending contract approval and Issue of the Safe Keeping Receipt (SKR) Certified and Notarized by our bank. The approved contract from the Board of Directors is very important so as to enable our legal representative get a VISA to the destination country.
1kg of Gold is Safe kept at a fee of 30 USD per Kilogram
1kg of Gold is Safe keep for a Maximum period of 5 days
The Seller is responsible for 75% of the Safe Keeping fee
The Buyer is responsible for 25% of the Safe keeping Fee
Therefore:
100kg X 30 USD X 5days = 15000 USD
75% of the Safe Keeping fee = $ 11250 USD
25% of the Safe Keeping fee = $ 3750 USD
The fee is paid directly into the account of the Board of Directors of Ministry of Industry Mines and Technological Development after an
interview by telephone and due diligence from both the buyer and
sellers end. The buyer only pays his own part of the 25% Safe keeping fee against the Proforma Invoice from the Board of Directors of the Ministry of Industry Mines and Technological Development Department of precious metals Safe keeping after he must have confirmed a 75% receipt from the seller end.
12.) As soon as the account department confirms 25% payment from the
buyers end the Board of Directors (BOD) of the Ministry of Mines and
Technological Development would issue out the SKR and a receipt to the buyer to confirm payment.
13.) The Gold will be kept in the Safe Keeping House of the Ministry
of Mines and Technological Development for 5 working days (Time for
seller to complete certification of the Gold and apply for VISA for
their Representatives).
14.) The Ministry of Mines and Technological Development would release the verified and approved contract as well as Gold and all
certificates required for the export of the Gold.
15.) The Ministry of Mines and Technological Development with the help on the Ministry of Transport nominates a reliable freight and export agency for the transportation of the Gold to the buyer's nominated airport.
The above mention procedure is very simple, well secured and very
reliable and verifiable at the Ministry of Industry, Mines and
Technological Development acting as a trust third party on behalf of
the seller and buyer.
Best Regards
--
For and on behalf of
BACON MINERS COMPANY C.I.G
P.O BOX 257 BERTI ROAD BERTOUA,
EAST REGION CAMEROON
Email: [email protected]
Skype: bacongroup
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