Mining in Mongolia - Belgravia Mining
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Belgravia Mining LLC is a Mongolian mining company with a portfolio of exploration licenses representing significant deposits of coal, molybdenum, quartz, and tungsten. The company also benefits from strong ongoing access to further license acquisition opportunities. Mongolia’s stable democratic political system and market economy provide a transparent and reliable framework for investment while current lack of access to capital in the country provides investors with extraordinary opportunities for acquisition of significantly undervalued assets.
Belgravia Mining LLC was incorporated in April 2008 and has to date acquired seven exploration licenses in Mongolia, three of which are currently held by Topazstone Mining LLC, a special purpose vehicle established by Belgravia for the purpose of the facilitating the acquisition of licenses. Aggregate investment into Belgravia and Topazstone Mining as at 31st December 2008 totaled circa US$1.4 million. Investment into the business has to date been 100% financed by Asia Pacific Investment Partners Corporation Ltd (APIP), a Hong Kong incorporated company with a history of over seven years of successful investments and operations in Mongolia. During this time the APIP group business has grown to become one of the leading investment-operating companies in the country.
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