Licensing & Due Diligence

Compliance & Responsible Sourcing

Century Bullion is the sourcing agent for Elves Minerals Uganda Limited, the licensed mineral dealer and exporter that ships our gold from Uganda. This page sets out the licences, buyer checks, sourcing commitments and documentation behind every transaction.

1. Licensing & Legal Identity

Gold supplied through Century Bullion is dealt in and exported by Elves Minerals Uganda Limited, a company incorporated in Uganda on 19 March 2026, with its office on Mawanda Road, Kampala, Uganda.

Company registration details
CompanyElves Minerals Uganda Limited
Registration No.80034803390316
TIN1050919264
Incorporated19 March 2026
OfficeMawanda Road, Kampala, Uganda
Licences held by Elves Minerals Uganda Limited
LicenceNumberHolderExpiresGoverning regulations
Mineral Dealers LicenceMDL20260672Elves Minerals Uganda Limited31 December 2026The Mining and Minerals (Licensing) Regulations, 2023
Goldsmith’s LicenceGS00103Elves Minerals Uganda Limited31 December 2026The Mining and Minerals (Licensing) Regulations, 2023

2. Who Does What

Century Bullion — sourcing agent

Sources gold for Elves Minerals Uganda Limited and manages the buyer relationship: inquiries, live quotes, buyer verification, coordination of assay and documentation, and delivery confirmation. Buyers deal with Century Bullion as their single point of contact.

Elves Minerals Uganda Limited — licensed dealer & exporter

Holds the Mineral Dealers Licence and Goldsmith’s Licence, applies the sourcing controls below, and handles export clearance, export documentation and shipping from Uganda.

3. KYC / AML on Every Buyer

We verify every buyer before a firm quote or contract is issued. Indicative figures from the website calculator are not quotes.

  • Identity verification of the individuals acting for the buyer.
  • Company verification for corporate buyers, confirming the company’s registration and the authority of the people acting for it.
  • We decline or stop any transaction where verification cannot be completed, or where the parties or funds raise anti-money-laundering concerns.
  • Verification records are kept and handled in line with our Privacy Policy.

4. Responsible Sourcing

Our sourcing practice is aligned with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. This is a statement of alignment, not a certification. Elves Minerals Uganda Limited applies the following controls and declarations:

Sourcing controls

  • The origin of each consignment is verified before it is handled.
  • Cargo must be free from embargo and cleared by all relevant government bodies.
  • No goods of terror or criminal origin are handled.
  • Records of suppliers’ identity documents (IDs or passports) are kept.
  • Suppliers must provide copies of the mining licences for the sites they source from.

Declarations

  • No sourcing from illegitimate or unlicensed sites.
  • No tolerance of human-rights abuses, including forced labour, torture, slavery, sexual exploitation, or non-payment of wages.
  • Gold suspected of involving the worst forms of child labour is rejected.
  • Responsible use and disposal of chemicals, and protection of the environment.
  • Compliance with the mining code.
  • Taxes and royalties are paid in accordance with government regulations.

5. Chain of Custody: Source to Export

  1. Supplier checksSupplier identity records and copies of the mining licences of the source sites are obtained.
  2. Origin & clearanceThe consignment’s origin is verified, and it is confirmed free from embargo and cleared by the relevant government bodies.
  3. Double assayPurity is established by double assay and recorded on the assay report.
  4. Ownership & export documentsThe export document pack, including the certificate of ownership, certificate of movement and customs clearance certificate, is prepared by the exporter.
  5. Insured dispatchThe shipment leaves Uganda under insured dispatch with a certificate of insurance and airway bill.
  6. Delivery confirmationDelivery is confirmed with the buyer and the final documents are issued.

6. Double Assay

Every consignment is double-assayed before release. The purity result is stated on the assay report, which forms part of the export document pack. For raw gold nuggets, purity is not assumed: it is the purity determined by the double assay.

7. Export Document Pack

Each export is accompanied by the following documents, provided by Elves Minerals Uganda Limited:

  • Signed commercial invoice
  • Assay report
  • Certificate of origin
  • Certificate of ownership
  • Customs clearance certificate
  • Airway bill copies
  • Certificate of movement
  • EAC declaration certificate
  • Receipt of tax payment slip
  • Certificate of insurance

8. FCO, Settlement & Dispatch

  • Formal Confirmation of Order (FCO): the export procedure for each transaction is set out in the FCO.
  • Settlement: payment is made by bank transfer or through escrow. Gold is released only after settlement is confirmed.
  • Insurance: every shipment travels under insured dispatch with a certificate of insurance; cover details are stated in your quote.

Compliance questions or document requests

Contact Century Bullion directly. We coordinate all buyer communication, including requests for compliance documents.