We trade in Mongolia for more than 10 years
Our interest in doing business in Mongolia currently lasts for more than 10 years, when LAMA Investment Mongolia LLC has been incorporated in the summer of 2010. In spite of many changes in Mongolian legislative and its mostly negative impacts on business environment in exploration and mining area in the following years we have stayed patiently waiting for the opportunity. The right time came in the year 2019 when we were able to acquire exploration licenses in Umnugovi and Bulgan provinces in tenders organised by Mineral Resources and Petroleum Authority of Mongolia, we have opened our permanent office in Ulaanbaatar and have finally started our exploration work programmes.
Start of 2020 exploration season
1. 5. 2020
In spite of COVID-19 pandemic we have successfully started this year exploration season with no delays. Our local geological team in co-operation with GEM Exploration LLC and Geo Oron resources LLC performed extensive exploration works from May to October 2020.
Opening a Regular Office in Mongolia
14. 5. 2019
A regular LAMA ENERGY GROUP office was opened in Mongolia in May. There operates LAMA INVESTMENTS MONGOLIA LLC, the subsidiary which continues with the project for geological exploration and surveying exploration licences received in bids organized by the government agency of Mongolia (MRPAM).