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Operations at Mongolia’s Tavan Tolgoi Mine Halted, Macmahon Says

Operations at Mongolia’s Tavan Tolgoi coal mine have been suspended amid a disagreement between state-owned mine operator Erdenes Tavan Tolgoi JSC and contractor Macmahon Holdings Ltd.

About $22 million in progress payments for work already completed is overdue and its unit has been in talks with Erdenes Tavan Tolgoi, Mongolia’s largest state-owned coal company, regarding payment, Perth-based Macmahon said today in a statement.