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.
Our portfolio currently consists of the following licenses:
exploration license in Omnogovi province with area of ca 61 sq. km
exploration license in Bulgan province with area of ca 16 sq. km
exploration licence in Arkhangai province with area of ca 30 sq. km
exploration licence in Selenge province with area of ca12 sq. km
The Dund Sukhait exploration license has been extended
24. 3. 2022
New exploration licence acquired
1. 2. 2022
The company Altan Shar Tal was successful in tender on new exploration licences held on 4 January 2022.
Recognoscation of Baga Berkh licence
21. 9. 2021
Newly acquired licence XV-021883 Baga Berkh was visited in September 2021. Strongly altered hydrothermal zones were revealed in the siliciclastic Palaeozoic sediments. Promising placer area with well-developed gravels was revealed in the southern part of licence.
Drilling on Undur Denj licence
21. 8. 2021
Drilling for potential gold placer on two targets of the Undur Denj exploration licence was performed by Tanan Impex LLC. in August 2021. Altogether 409 m in 12 boreholes were drilled by reverse circulation. 96 of total 497 washed samples were positive for gold.
New exploration licence was acquired
16. 8. 2021
Altan Shar Tal LLC. won tender on exploration licence XV-021883 Baga Berkh in Khashaat soum in eastern part of Arkhangai aimag. Licence of area 2973,37 ha was issued by MRPAM on 16. August 2021 and is valid for three years.
Lama Investments Mongolia LLC,
#1601-01, City tower 8/1
Sukhbaatar Square, Sukhbaatar district,
Ulaanbaatar 14200, Mongolia
Group membership information
The company Lama Investments Mongolia LLC, Unit 1003, Level 10, Metro Business Center, 6th khoroo, Sukhbaatar district, Ulaanbaatar, State Registration Number: 9019052016, Company Registration Number: 5371678, and the company Altan Shar Tal LLC, Unit 1003, Level 10, Metro Business Center, 6th khoroo, Sukhbaatar district, Ulaanbaatar, State Registration Number: 9011667065, Company Registration Number: 6170757, are members of the LAMA ENERGY GROUP managed by LAMA ENERGY GROUP a.s., ID No.: 64086259, with registered office at Na Florenci 2116/15, Nove Mesto, 110 00 Prague 1, the Czech Republic, registered in the Commercial Register maintained by the Municipal Court in Prague, Section B, Insert 23653 (more at https://www.lamagroup.cz/portfolio/)