MSC subsidiary to invest nearly $1.4 billion for stake in India’s Vizhinjam Port

Coal India Ltd. (CIL) plans to invest around INR 19 billion (₹1,900 crore) in research and development by FY2030 as it accelerates technological innovation and energy transition efforts. The company's R&D spending rose fourfold to INR 2.45 billion in FY2025, supported by the establishment of the National Centre for Coal and Energy Research (NaCCER). CIL is currently advancing 19 R&D projects worth INR 2.25 billion and collaborating with leading academic institutions on clean coal, carbon capture, critical minerals, mine repurposing, and advanced mining technologies to strengthen its long-term competitiveness.

Holtec International and EDF Energy have submitted a joint proposal to the UK government to deploy four SMR-300 small modular reactors at the retired Cottam coal-fired power station in Nottinghamshire. The project aims to transform the former fossil fuel site into a new nuclear energy hub, with each pressurized water reactor designed to generate around 300 MW of net electrical capacity. If approved, it would mark the UK's first formal plan to repurpose a decommissioned large-scale coal power plant for small modular nuclear reactors.

Nickel 28 Capital reported strong fiscal Q1 2027 results, driven by stable operations at the Ramu Nickel-Cobalt project in Papua New Guinea. During the quarter ended April 30, 2026, Ramu produced 8,785 mt of contained nickel and 855 mt of contained cobalt in MHP, while sales reached 8,632 mt of nickel and 838 mt of cobalt. Net production costs were US$2.81/lb of contained nickel. Nickel 28 recorded a US$4.0 million share of operating profit from Ramu and posted net profit of US$2.1 million, supported by favorable nickel and cobalt prices, strong payability, and relatively low operating costs.