The contract had been awarded in 2014 and now both parties decided not to extend the bond. Hwange Colliery, zimbabwe's state-owned company with which Mota-Engil had a deal, has debts of more than $150 million. Portuguese construction company Mota-Engil and Hwange Colliery, zimbabwe's state-owned company, decided not to extend the $260 million (EUR 191 million) mining contract, which had been signed in January 2014, zimbabwe's Business Times reported.

The bond lasted five years and included drilling, detonation, cargo and transportation of ore at its coal mine in Zimbabwe, according to the Portuguese company, at the time of the award. the Government of Zimbabwe, which controls 52% of the ore exploration company, has been restructuring the company, which is being pressured to maximize operations and pay workers, as it has accumulated debts to be around the $150 million. In addition to Zimbabwe, Mota-Engil has a portfolio of projects in other African countries such as Angola, Malawi, South Africa, Uganda, Mozambique, Côte d'Ivoire, Guinea-Conakry and Cameroon.

In addition to Africa, the Portuguese construction company also has business in Europe and Latin America. Recently, Portugal's Mota-Engil announced that it has signed a contract for an investment of 270 million in a hydroelectric project in Colombia, made through the local subsidiary.