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Mota-Engil Africa has signed a new addendum to the current contract, which provides for the extension of its term to December 31, 2027.
Mota-Engil announced recently an increase of USD 576 million (€521 million) in its order book in the Mozambican market following the amendment and extension of the mining contract in Moatize, Tete province.
The Moatize Mine is located in the town of Moatize, Tete province, 1,500 kms north of the capital Maputo, Mozambique. Mota-Engil Africa has signed a new addendum to the current contract, which provides for the extension of its term to December 31, 2027.
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According to the Portuguese construction group, the amendment and extension of this contract – established with Vulcan S.A., a subsidiary of the Jindal Group – adds a value of USD 576 million [around €521 million] to the order book of the Mozambican market, reinforcing the stability and predictability of contract mining activities in the African region.
