The Portuguese company Mota-Engil, whose main shareholders include China Communications Construction Co. (CCCC), is in talks to buy the Brazilian mining company Bamin, which is owned by Kazakhstan’s Eurasian Resources Group (ERG), sources told the Brazilian outlet Valor International.
Bamin’s Brazilian concession
Bamin holds a concession for a section of Brazil’s West-East Integration Railway in the northeastern state of Bahia, as well as a mining asset in the same state, and has plans to build a port in the city of Ilhéus.
In April 2021, Bamin won the contract to build the first section of the Fiol...