SNC-Lavalin confirms Codelco´s decision to terminate its Mining & Metallurgy contract
(WorldNews Canada)

SNC-Lavalin (TSX:SNC) announces that Codelco, its client on its Mining & Metallurgy project indicated in the February 11th, 2019 and January 28th, 2019 press releases has terminated its contract with SNC-Lavalin and initiated a drawdown on its approximately US$42M in bank guarantees. We are appalled and surprised by the decision taken by Codelco today. We had reached an agreement in good faith on February 1st, 2019 regarding...