Standard & Poor’s also highlighted the prospect of a ban of up to 10 years on contracts with the federal government in Canada. The Montreal-based company has halted all bidding on future mining projects following a contract dispute with Chile’s state-owned copper mining company Codelco. “They’ve got a lot on their plate, but I would say trying to get the [remediation agreement] settled would be at the top of their to-do list,” Lynk said. A remediation agreement could stick SNC with a potential fine of between $200 million and $500 million or more, analysts say. “The upside from signing a remediation agreement far outweighs any potential fine that SNC would have had to pay,” Nazir said.

Source: thestar February 13, 2019 15:56 UTC