Source: Udriin Sonin               Date: August 24, 2011

Confusion arose last week in regard to a deal that was either agreed or not agreed upon between Machamon Holdings and the Mongolian government about operations at East Tsankhi at Tavan Tolgoi.

Last week the Australian company denied ever having stricken a deal for the property as official documents were not yet received. However the Australian firm recently announced it received permission to work at the East Tsankhi site.