MOTA-ENGIL INFORMS ON THE SIGNING OF CONTRACTS IN IVORY COAST, MALI AND ETHIOPIA FOR AN ESTIMATED AMOUNT OF 1,400 MILLION DOLLARS
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that, through its subsidiary MOTA-ENGIL ENGENHARIA & CONSTRUÇÃO ÁFRICA ("MOTA-ENGIL AFRICA"), signed with Allied Gold Corporation (TSX:AAUC), an international gold mining company with a diversified portfolio of long-lived assets, several contracts (six) for the operation of all its producing assets (Mali and Ivory Coast) and one award (Ethiopia - new mine).
By progressively assuming the activity of engineering support services for the several assets of Allied Gold, in Ivory Coast, Mali and Ethiopia, MOTA-ENGIL thus adds circa of 1.4 billion dollars to its backlog in projects with variable duration, between 38 and 60 months, which will end, in the case of the project in Ethiopia, in 2030.
These new contracts and the successful partnership relationship with Allied Gold reinforce the positioning of MOTA-ENGIL AFRICA as a leading company in providing support services for mining activities on the African continent and allow the increase of the backlog in this area to circa of 4 billion euros and the Group's one to circa of 15.5 billion euros.
Porto, November 11th, 2024
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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