Mota Engil SGPS S A : Engil informs on the award of a mining contract in Mali amounting to 357 million USD
June 14, 2021 at 01:16 pm EDT
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MOTA-ENGIL INFORMS ON THE AWARD OF A MINING CONTRACT IN MALI AMOUNTINGTO 357 MILLION USD
MOTA-ENGIL S.G.P.S., S.A. ("MOTA-ENGIL") informs that its subsidiary for the African region, in partnership with a local partner, Inter-Mining Services (70%/30%), has been awarded a mining contract in Mali by Societé des Mines de Morila, S.A., an entity owned 80% by a listed Australian company and 20% by the State of Mali, worth 357 million USD.
The aforementioned contract, which scope will cover three gold mines, is scheduled to start in August 2021, will have a duration of 81 months and will have the billing and payments indexed to USD.
With this award, the GROUP sees its performance recognized in the mining area, as well as, its order book strengthened in the African region with a medium and long-term contract that will generate recurrent cash flows.
Porto, June 14 2021
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2021 17:15:00 UTC.
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.
MOTA-ENGIL, SGPS, S.A. 
