Feb 11 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* SNC-LAVALIN PROVIDES UPDATE ON NEW FACTS ABOUT THE MINING & METALLURGY PROJECT
* ITS FULL YEAR 2018 RESULTS WILL BE LOWER THAN EXPECTED AND ANNOUNCED ON JANUARY 28, 2019
* MINING & METALLURGY Q4 SEGMENT EBIT WILL BE UP TO NEGATIVE $350 MILLION
* SNC-LAVALIN GROUP - PARTIES TO SETTLE DISPUTE THROUGH ACCELERATED ARBITRATION PROCESS, OUT OF WHICH CO EXPECTS SIGNIFICANT RECOVERIES IN FUTURE
* SNC-LAVALIN GROUP - 2018 RESULTS WILL BE LOWER THAN EXPECTED DUE TO INABILITY TO REACH AGREEMENT WITH CLIENT ON A MINING & METALLURGY PROJECT
* INITIAL 2019 OUTLOOK FOR ADJUSTED DILUTED EPS FROM E&C IN RANGE OF $2.00 TO $2.20
* LOSS IN COMPANY'S MINING & METALLURGY SEGMENT EBIT WILL BE HIGHER IN 2018 THAN COMPANY EXPECTED
* SEES 2019 ADJUSTED CONSOLIDATED DILUTED EPS IN RANGE OF $3.00 TO $3.20
* SNC-LAVALIN GROUP - SIGNIFICANT OF CURRENT WRITE-DOWNS ON PROJECT SHOULD NOT BE CONSIDERED PERMANENT WRITE-OFF UNTIL ARBITRATION PROCESS IS CONCLUDED
* CONFIRMS THAT IT HAS NO PLANS TO RAISE EQUITY
* MANAGEMENT HAS STOPPED ALL BIDDING ON FUTURE MINING EPC PROJECTS
* CONTINUES TO HAVE NEARLY $1.8 BILLION DRAWINGS AVAILABLE UNDER ITS CREDIT FACILITY
* NOW EXPECTS ADJUSTED DILUTED EPS FROM E&C FOR YEAR ENDED DEC 31, 2018 TO BE IN RANGE OF $0.20 TO $0.35
* LENDERS AGREED THAT NET RECOURSE DEBT TO EBITDA COVENANT AND RATIO CALCULATION BE TEMPORARILY INCREASED TO 4 TIMES
* SEES ADJUSTED CONSOLIDATED DILUTED EPS TO BE IN RANGE OF $1.20 TO $1.35 FOR YEAR ENDED DECEMBER 31, 2018
* SNC-LAVALIN - DOES NOT HAVE ANY OTHER MINING & METALLURGY PROJECTS THAT HAVE SIMILAR CHARACTERISTICS AS PROJECT INDICATED IN JAN 28 PRESS RELEASE
* SNC-LAVALIN - LENDERS AGREED THAT FORECASTED LOSS ON MINING & METALLURGY PROJECT BE CONSIDERED AS NON-RECURRING ITEM, UP TO MAXIMUM OF $310 MILLION
* FY2018 EARNINGS PER SHARE VIEW C$1.23 -- REFINITIV IBES DATA
* FY2019 EARNINGS PER SHARE VIEW C$2.25 -- REFINITIV IBES DATA