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Today can report of a raging dispute between the Minerals Commission of Ghana (MCG) and the Precious Mineral and Marketing Company (PMMC).. The fight, Today gathered, is as a result of the Minerals Commission''s decision to "secretly" extend the license of Miramex Company Limited, a minerals marketing company owned by one Maged Kodaih, a Lebanese national, to export and .

Following the Bank of Ghana caution was Precious Minerals Marketing Corporation (PMMC) who also claimed Menzgold has no mandate to buy and sell gold because it revoked the company''s license .

Mar 30, 2020· A seller''s permit and a resale certificate are two different things. Businesses often buy products or materials for resale purposes. For example, a retail business may buy snacks from a wholesaler to sell in their store. These purchases are not taxable in some states; the tax is paid when the retailer sells the snacks.

gold. The Minerals Commission granted the extension of the license on 23rd April, 2014 when in actuality, per the activities of Miramex Ghana Limited now, the PMMC is the mandatory body to provide ...

(3) Full payment will be made into Seller''s nominated bank account after Assay. (4) After Assay the Gold will be kept in the Security custody pending payment. (5) After receipt of payment for documentation, Seller will release the Gold to the shipper for export. Yours faithfully, MR. KENNEDY ACHEAMPONG. Company Name: PERFECT GOLD COMPANY LIMITED

Jun 13, 2018· A common misconception among gold buyers is that gold dealers make money when the price of gold increases, and subsequently lose money when the price of gold speaking, nothing could be further from the truth. Gold dealers are highly risk averse given the volatility of the metals market, and so they are very unlikely to speculate on future spot price.

Business Taxes . Businesses come in all sizes — from large multinational corporations to sole proprietorships. This page has the information you need to fulfill .

"Certainly, it is because, you cannot trade, buy, sell or trade in gold without a license from PMMC and I can say emphatically that as we speak to you now they do not have a license from PMMC ...

Minerals Limited is an ideal and secure private Gold Trading and Export Company in the industry, enabling investors to buy and export precious metals with confidence and total security. We will walk you through a simple procedure for potential gold exporters.

c) The PMMC shall determine the gold content of the gold dore presented by the LGE using the appropriate assay method as agreed by the LGEs, Minerals Commission and the PMMC.

pmmc loses license to export gold. the bank of ghana bog has revoked the export license of the precious minerals marketing company pmmc, a company that exports gold and other minerals. this was confirmed by the chief executive officer kojo opare hammond on the citi breakfast show. as at now, we are not doing shipping of gold.

If you export gold through any entity other than an accredited Licenced Gold Exporter LG or Licensed Gold Purchasing Company. If you are involved in any illegal transaction using the licence. Purchasing diamond from only some selected local winners

May 10, 2019· Obtain a license. In the you need a license to buy and sell gold in order to be a scrap gold buyer. If you buy and sell without a license you are in violation of your state''s laws. First you will need a general business license that you can obtain from .

Mar 20, 2012· These so called dealers often claim to be registered with government agencies such as the Precious Mineral Marketing Company (PMMC) in Ghana in order to gain the trust of potential victims.

The Seller declares that he has the full legal title and possession of the offered Raw Gold Dore Bars and has full Government approval (if where required) to sell and export Raw Gold(S) of noncriminal origin, and with no liens and / or encumbrances attached or pending under the terms of this full Corporate offer.

The Bank of Ghana in 2016 announced PMMC as the sole exporter of gold but was forced to revoke the license because of some corrupt activities. PMMC is a limited liability company operating under the Companies'' code, with the Government of Ghana as the sole shareholder.

Buy Sell Gold. We are a Ghanaian Gold Dealer located at the Kotoka International Airport in Accra. We Buy Sell gold bars from all mints and of all sizes and purity. Gold Export. We are strategically located to offer a complete professional and efficient service throughout all major global trade routes.

Canadian Bullion is one of Canada''s leading precious metals dealers. Based in Toronto, the company has over 20 years in combined experience in precious metals. We are committed to educating investors and the website is an excellent source of free information and research on gold and silver investments.

About SD Bullion. In 2011, two doctors started a highly popular Gold Silver News website with one dream: To educate the masses on the value of hard assets and preparation. The rapid success of that website gave way to the launch of in March of 2012.

Aug 15, 2011· The Better Business Bureau advises sellers to pay close attention to how their gold is being weighed: Jewelers value gold not by the ordinary ounce (28 grams) but by the Troy ( grams).

Under certain circumstances, a dealer is required to file a form 1099B with the IRS to report proceeds paid to a noncorporate seller of precious metals. This helps the IRS determine whether the sellers have properly reported this income on their tax returns.

You asked if any states license jewelers and coin dealers and, if so, for a sample of their licensing fees and regulations. For a summary of regulation of pawnbrokers, see OLR Report a summary of retention periods for precious metal dealers, see OLR Report 2008R0545.

From 1989 to 2009, Ghana has produced over 850,000 ounces of gold, valued million Gold purchases and exports in Ghana are handled by the Precious Mineral Marketing Corporation (PMMC) on behalf of licensed sellers/suppliers to

Since 1989, PMMC buyers have collected over US300 million worth of gold from resident artisan and smallscale gold miners. Between 1989 and 1994 alone, 30,000 smallscale miners reportedly produced and sold to governmental offices some US million in gold and US million in diamonds.
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