BUYER RESOURCES / FAQ

FREQUENTLY
ASKED

Everything an international buyer, refinery, or commodity trader needs to know before initiating a gold purchase from Uganda.

01

What gold products does Nile Precious Metals export?

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We export three product categories: Gold Dore Bars (85–90% Au), Natural Gold Nuggets (80–95% Au), and LBMA-grade Refined Gold (≥99.5% Au). All products come with full chain of custody documentation from Ugandan mine to export.

02

Is Nile Precious Metals a licensed gold exporter?

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Yes. Nile Precious Metals holds a valid Mineral Dealer's and Mineral Exporter's licence issued by the Uganda Directorate of Geological Survey and Mines (DGSM), under the Uganda Ministry of Energy and Mineral Development. All exports are declared to and cleared by the Uganda Revenue Authority.

03

What is the minimum order quantity?

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For Gold Dore Bars, minimum consignments are typically 3–10 kg, negotiated per transaction. For Gold Nuggets, commercial lots start at 100g. For Refined Gold, quantities are fully negotiable based on buyer requirements. Contact our export team to discuss your specific volume needs.

04

How does the gold export process work?

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The process has four stages: (1) Initial inquiry and buyer KYC verification; (2) Sample assay and pricing agreement; (3) Export documentation, Uganda Revenue Authority clearance, and insurance arrangement; (4) Secure armored transport to Entebbe International Airport and air freight to buyer destination. Full chain of custody documentation accompanies every shipment.

05

Is the gold conflict-free and ethically sourced?

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Yes. All gold is sourced exclusively from licensed artisanal mining cooperatives in Uganda's Mubende and Busia districts. We operate under the OECD Due Diligence Guidance for Responsible Mineral Supply Chains and are members of the ICGLR Regional Certification Mechanism. Field audits are conducted quarterly at all partner mining sites.

06

What documentation comes with each gold shipment?

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Every export includes: Assay Certificate (NPM lab or refinery-issued); Certificate of Origin (Uganda Ministry of Finance); MEMD Export Permit; Uganda Revenue Authority Export Declaration; Chain of Custody Report; Insurance Certificate; and for refined gold, full LBMA-compliant refinery documentation.

07

Do you conduct buyer KYC checks?

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Yes. All buyers undergo mandatory Know Your Customer (KYC) verification before any transaction. This includes identity verification, business registration, beneficial ownership disclosure, and source of funds documentation. We comply fully with Uganda's Anti-Money Laundering Act 2013 and FATF guidelines.

08

How long does it take from inquiry to delivery?

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Typically 10–21 business days from initial inquiry confirmation to delivery, depending on KYC completion speed, quantity, and destination country customs. Our export team will provide a specific timeline once your inquiry details are received.

09

What payment methods do you accept?

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We accept international bank wire transfers (SWIFT/IBAN) only. Payments are structured with an agreed deposit on order confirmation and balance before shipment release. Our compliance team will provide full banking coordinates once KYC is completed.

10

Can you arrange gold assay testing for new buyers?

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Yes. For new buyer relationships, we can arrange independent third-party assay testing through an internationally accredited laboratory. We also provide sample parcels (subject to minimum quantities and KYC completion) for buyer due diligence purposes.

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