Nyamongo Tanzania Limited

PO Box 38568,Dar es Salaam,Dar es Salaam,Tanzania

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Nyamongo Tanzania Limited is a Canadian gold mining company with many years of experience in Tanzania and in Canada.
Our property is immediately adjacent to the massive Acacia (African Barrick) North Mara Gold Mine which holds a reserve of approximately 11 million ounces and produces somewhere between 100,000 to 200,000 ounces of gold per year.
We have undertaken substantial geological studies on our Mining License property including an Aero-Magnetic and Ground-Magnetic study along with a commissioned Canadian National Instrument 43:101 Technical Geological Report with all ore samples and assays independently analyzed by SGS Laboratories.
After proving 3,900 kilograms Au (120,000 ounces), being awarded an Environmental Certificate (Environmental Impact Statement & Environmental & Social Management Plan) and along with a Government approved Feasibility Plan, in 2011 we were awarded a full Mining License from The Ministry for Energy and Minerals.

 
Buying Physical Gold in Tanzania
In Tanzania there were previously 2 ways of buying gold at a discount to Spot Price:
Purchase directly from local Artisan Gold Miners
Purchase from Gold Smugglers often originating from the Democratic Republic of Congo
Both of these situations however have changed quite dramatically!
Artisan Miners
Local mining communities who produce using a hammer, chisel and mercury system usually take their gold to an Elusion Plant to be purified and sold to a licensed Gold Dealer.
Artisan Miners may live in quite remote locations in mud huts with no water, toilets or electricity but without exception they have mobile phones which all have 1 touch key strokes for Live-Time gold spot market prices.
In the past few years the average price paid to local artisans was about a 10% discount to Spot Price.
The buyer would then pay the mandatory 4% Government Royalty (export fee), approximately 2% for overheads (security, transportation, etc.) and would net around a 4% profit by the time it was delivered and then refined and certified to 999.9 in another country such as Dubai or UK.
This market is now extremely crowded and the competition to buy artisanal gold in Tanzania is dominated by buyers from India who now pay almost the full spot market price just to get the physical supply of gold!
Gold Dealers and buyers have also invested hundreds of thousands of dollars into Elusion Plants and Processing Facilities just to gain the advantage to buy gold from the Artisans but even this has failed and they have been displaced because of the Indian buying groups paying full price.
Gold Smugglers
It is entirely impossible to leave Tanzania legally with physical gold without the proper Government paperwork.
Gold can only be sourced from either a Gold Miner or a Gold Dealer and in both situations the Exporter has to show Source of Origin signed off by the Ministry of Mines and Tanzania Revenue Authority tax and duty paid (4%) as well as an Export Certificate.
If the gold is not proven to be of Tanzanian source it will be confiscated and the new Smuggler will be prosecuted, fined and potentially jailed.
Under the new President of Tanzania these rules are being vigorously enforced.
To import to Dubai, London, USA etc. the documentation has to meet OECD Rules and if not, the gold will be confiscated under Conflict Gold laws and the culprit charged.
Once again the culprit will be prosecuted, fined and potentially jailed.
So without proper sourcing and documentation of your gold you risk severe consequences for both Exporting and Importing.
Fraud
Google 419 Gold Scams…… and you will be shocked at the shear numbers!
Many of these Fraudsters promise big percentage discounts using sophisticated schemes to steal from Buyers often with upfront fees and non-existing inflated taxes.
Do your own research and dont let GREED ruin your life as 99.9% of these gold sellers will steal your money!
 

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Subject

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I want to know

Contact Information

Mr. Robert

Nyamongo Tanzania Limited

PO Box 38568, Dar es Salaam, Dar es Salaam, Tanzania

Manufacturing

Africa

gold bars, gold nuggets, gold dust

2011

16-25

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Factory Information

North Mara, Tanzania

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2.5 - 10 Million USD

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ML 441/2011

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Other Information

10 - 25 Million USD

Corporation Limited Liability Company

Robert Peter

10 - 25 Million USD

100

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