Mamba Gold Laboratory welcomes you to conduct your gold trading within our highly secured facility. Mamba is fully licensed and has its Mineral Trading Permit for precious metals, under the Republic of Zambia’s 2015 Mines and Minerals Development Act. Mamba places maximum emphasis on transaction integrity for all parties…
About Our Company
Our Mandate
Mamba’s core mandate is to provide Zambia’s most secure gold trading environment. We are extremely cognizant of the risks that buyers face when purchasing precious metals in African jurisdictions. Thus we have developed a transaction process that is failsafe and foolproof. We have installed multiple layers of confirmation and security focused on protecting your capital and safe custodianship of your gold…
Management
Mr. Frank Balestra is the Founder of Mamba Gold Laboratories Limited. He has worked in Africa since 2011, focusing on the gold industry across the DRC, Rwanda, Tanzania, Uganda, Kenya, Burkina Faso, and Mali. With over 14 years of experience, he has integrated semi-industrial processes into artisanal mining. He understands the political, logistical, and business landscapes of Africa, building key relationships and supply chains….
Our Process
1. Seller delivers gold to the refinery
The seller delivers the gold to the refinery, where it is passed through the counter for an initial weighing. Tests are performed to ensure the gold’s quality and purity. This is the first step in verifying the gold’s authenticity before further processing.
2. The gold is then melted
The gold is then melted using an induction furnace. This smelting process liquefies the metal, prior to final testing.
3. The melted gold is cast into a fresh mold, returned to the counter
The melted gold is poured into a fresh mold, cooled, and returned to the counter. It is then weighed, assayed, and subjected to a second test.
4. Seller receives a receipt
The seller receives a receipt at the cash counter detailing the weight, grade, and payout amount of their transaction. This transparent process ensures sellers have clear documentation of their sale, enabling them to verify the quantity, quality and payment.
5. Cashier pays the Seller in full
The cashier pays the seller the full amount after receiving the receipt, which includes details of the weight, grade, and payout. This ensures that the seller is promptly compensated based on the documented transaction, providing a seamless and transparent payment process at the cash counter.
Beware of Gold Scams
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