NEW GOLD TRADE REGULATIONS INTRODUCED

NEW GOLD TRADE REGULATIONS INTRODUCED

MONROVIA – August 6, 2026: In order to regulate gold trade in Liberia and ensure transparency and accountability in the Country's gold sector, a serious measures have been introduced by the Ministry of Mines and Energy (MME) - THE GOLD TRACEABILITY SYSTEM

In separate directives issued by the Ministry's Office of Precious Minerals, licensed class C and B gold miners, gold dealers, and brokers have been instructed to comply with new system requirements, including the mandatory use of the Gold Traceability Vouchers beginning October 1, 2026, and compulsory training sessions for licensed miners, dealers and brokers, including mining agents scheduled to take place later this month.

According to a July 21 directive addressed to all Class 'B' and Class 'C' miners, dealers, and brokers, the new system is intended to improve oversight of the country's gold trade, combat illicit mineral trafficking, and align Liberia's mining sector with internationally recognized standards for responsible mineral governance.

Under the new policy, stakeholders will now be required to obtain official Gold Traceability Vouchers from the Office of Precious Minerals (OPM) before conducting any gold transactions. The vouchers must be used to accurately document every gold purchase, sale, and transfer.

The Ministry also requires Miners, Dealers, and Brokers to maintain completed vouchers as part of their official business records. Dealer license holders seeking approval to export gold must include the traceability vouchers in their export documentation, while all license holders will be expected to present the vouchers during the renewal of Class 'B:, and Class 'C', Dealer, and Broker Licenses.

The Ministry of Mines and Energy further indicates that compliance inspections will be conducted periodically by the Office of Precious Minerals and the Bureau of Mines to ensure that participants in the gold sector are adhering to the new traceability requirements.

As part of preparations for the rollout, the Ministry (MME) has scheduled mandatory training sessions for licensed gold dealers and brokers on the proper use of the Gold Traceability Forms.

According to an August 4 memorandum from the Office of Precious Minerals, licensed gold dealers are required to attend training on Wednesday, August 12, 2026, at 10:00 a.m., while licensed gold brokers will participate in a separate session on Friday, August 14, 2026, also at 10:00 a.m.

Both training sessions will be held at the Ministry of Mines and Energy on Capitol Hill in Monrovia.

The Ministry emphasizes that any excuse for one's absence from these trainings will not be accepted, noting that the trainings are intended to ensure participants understand the proper completion and use of the Gold Traceability Forms as part of the broader traceability framework.

The initiative represents a significant step toward strengthening governance in Liberia's gold industry by improving the traceability of gold from production to export, enhancing regulatory oversight, and reinforcing the country's commitment to responsible mineral development.

The Ministry has urged all licensed miners, dealers, and brokers to fully cooperate with the new measures to ensure a smooth implementation of the Gold Traceability System and continued compliance with national mining regulations.


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