SNC-Lavalin debooks Cobre Panama Project

MONTREAL, April 2, 2013 /CNW Telbec/ - SNC-Lavalin Group Inc. (TSX: SNC) has 
been informed that First Quantum Minerals (FQM) recently acquired a majority 
stake in Inmet Mining Corporation (Inmet), giving the company control over the 
Cobre Panama project. FQM typically directs and executes its projects on an 
internal direct-hire basis, with additional external expertise brought on only 
as required. 
Subsequent to this acquisition, a joint venture led by SNC-Lavalin 
International Co. Inc., a member of SNC-Lavalin Group Inc., and including GyM 
S.A. and Techint International Construction Corp, has received a notice of 
suspension from Minera Panama S.A. (a subsidiary of Inmet) related to the 
majority of the work to be performed under its EPCM contract for the balance 
of plant of the Cobre Panama copper mine. The joint venture has also received 
a notice of termination from Minera Panama S.A. in relation to the engineering 
and procurement services to be performed under the agreement in relation 
tothe process plant. 
Until a notice of resumption (if any) is received with respect to the 
suspended work, the residual value of SNC-Lavalin's portion of the contract 
will be debooked from its backlog in the first quarter of 2013. The value of 
the suspended and terminated work was worth approximately $120 million in 
anticipated services revenues. 
SNC-Lavalin is one of the leading engineering and construction groups in the 
world and a major player in the ownership of infrastructure, and in the 
provision of operations and maintenance services. Founded in 1911, SNC-Lavalin 
has offices across Canada and in over 40 other countries around the world, and 
is currently working in some 100 countries. 
 Media: Leslie Quinton Senior Vice-President, Global Corporate Communications 
SNC-Lavalin Group Inc. 514-390-8000, ext. 7354  
Investors: Denis Jasmin Vice-President, Investor Relations SNC-Lavalin Group 
Inc. 514-390-8000, ext. 7553   
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ST: Quebec
-0- Apr/02/2013 21:54 GMT
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