age global trading
Establishing a Leader in the International Mineral Trading Space
situation
The global demand for ethically sourced and traceable minerals, especially in the precious metals sector, has significantly increased due to
growing awareness and regulation around the sourcing from conflict-affected and high-risk areas (CAHRAs). AGE Global Trading DRC SARL,
an ambitious entity based in the Democratic Republic of Congo (DRC), aimed to position itself as a key player in the global physical
commodity markets, spanning across crude oil, refined products, natural gas, food products, aviation & military machinery, and particularly
precious metals, with an emphasis on clean and ethically sourced gold.
task
GSI was engaged to navigate the intricate process of setting up a vertically integrated international mineral trading platform. This
encompassed establishing AGE Global Trading's DRC trading arm, securing essential licenses, and ensuring compliance with international
standards. The primary objective was to architect a state-of-the-art precious metals and strategic minerals company that not only sources
materials adhering to ethical standards but also ensures their traceability across the supply chain, thereby positioning AGE Global Trading as
a global ambassador for "Clean Gold."
actions
GSI executed a multifaceted strategy to realize AGE Global Trading's vision:
1
Corporate Setup and Licensing: Established AGE Global Trading DRC SARL in the DRC, securing national identification
export credentials, and the necessary trade license. Set up Octavian Precious Metals Trading DMCC in the United Arab
Emirates as the import and refining point, obtaining all required trade and import/export licenses.
2
Contract Procurement: Facilitated a contract with the US Government for the "Clean Gold" project, underscoring AGE
Global Trading's commitment to ethical sourcing.
3
Compliance and Supply Chain Integrity: Developed a Proprietary Upstream Chain of Custody (CoC) Supply Chain
Management System and an Anti-Money Laundering (AML) Compliance Program. Created a Custom Risk Rating and Self
Certification Mechanism (SCM), ensuring adherence to international standards such as the OECD Due Diligence Guidance,
US Dodd Frank Act Section 1502, ICGLR RCM, DMCC Guidance & Rules, and UAE AML laws.
4
Market Integration and Traceability: Engineered a traceability system that allowed for the first-ever clean and traceable
gold export from the DRC in November of 2023, marking a historic milestone in the industry.
results
Through strategic planning, meticulous compliance structuring, and the development of an innovative traceability system, GSI successfully
positioned AGE Global Trading and Octavian as pioneering forces in the global physical commodity space, with a special focus on precious
metals. This initiative not only established AGE Global Trading and Octavian as leaders in the ethical sourcing and trading of minerals but
also significantly contributed to the transformation of supply chains in the sector. The successful export of clean and traceable gold from the
DRC, a first in the country's history, served as a testament to the effectiveness of the systems and frameworks put in place. AGE Global
Trading and Octavian’s achievement showcases GSI's capability in navigating complex international compliance landscapes and
operationalizing ethical supply chains, setting a new industry standard for responsible global trade.