07:41 AM EST, 12/12/2024 (MT Newswires) -- Rio Tinto (RIO) said Thursday it will invest $2.5 billion to expand capacity at its Rincon lithium project in Argentina to 60,000 tonnes of battery grade lithium carbonate annually. The company said it expects to begin construction of the expansion plant, which will have a capacity of 57,000 tonnes, in mid-2025, with first...

07:43 AM EST, 12/12/2024 (MT Newswires) -- STEP Energy Services ( SNVVF ) provided Thursday its 2025 capital budget and financial update for the fourth quarter. The company said its full-year 2025 capital budget will be $78.9 million, including $46.7 million of optimization capital and $32.2 million of sustaining capital. STEP also expects its net debt at the close of...

07:42 AM EST, 12/12/2024 (MT Newswires) -- Ciena (CIEN) said Thursday it has appointed Lawton Fitt as board chair, effective Dec. 11. Fitt has served as a Ciena director since November 2000, the company said. Patrick Nettles, who decided to step down as executive chair, will not stand for re-election at the end of his term at Ciena's 2025 annual...

07:38 AM EST, 12/12/2024 (MT Newswires) -- Transat (TRZ.TO) on Thursday reported higher fourth-quarter earnings and revenue. Net income for the three months ended Oct. 31 jumped to $41.2 million, or $1.05 per share, from $3.2 million, or $0.08 per share. Revenue roes 3.2% on the quarter to $788.8 million. The increase is due to a 2.7% increase in traffic,...