Source: AFP Date: August 17, 2011

Engineering contractor Macmahon Holdings denied it has won a coal mining contract in Mongolia.

The company insists that no formal agreement was reached, but it did confirm that it will work in conjunction with Germany's BBM Operta, Macmahon is holding negotiations with Mongolian state-owned miner Erdenes Tavan Tolgoi JSC on a contract for mining operations at the large Tavan Tolgoi coal deposit.