ANGOLA DIAMOND PARCELS

Madnox Trade Desk can facilitate production contracts from Angola.

PROCEDURES:

  1. Buyer issues CIS Package, once received, Trade Desk will supply the application form to fill out, buyer will return the form with requirements.
  2. Buyer submits soft Proof of Funds (POF), Compliance starts (7 to 14 days)
  3. Once buyer successfully passes compliance, buyer will be issued a manifest.
  4. Manifest is accepted, transaction commences through Brinks.
  5. Buyer will receive monthly supply based on the terms of the contract
  6. Buyer to pay a total of 5% commissions of the purchase price for each tranches.

Sierra Leone to Change their Rough Diamonds Export Procedures

A meeting will be held today in Freetown at the GGDO (The Government Gold & Diamond Office) for all Rough Diamond Miners/Exporters. This month of September set to be the month of changes in Freetown.

Madnox will keep you posted in regards to these new changes and or regulations which we are being told will take effect right away.