The MoU was signed in London during LME Week 2026. Credit: Adani Group.
Adani Enterprises’ subsidiary Kutch Copper has entered into a memorandum of understanding (MoU) with Corporación Nacional del Cobre de Chile (Codelco) to explore potential cooperation at the Kaburkaala copper project in northern Chile.
The agreement sets out terms for a possible partnership to advance exploration activities in the Calama copper belt of the Antofagasta Region.
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The MoU was recently signed in London during LME Week 2026 by representatives from both organisations, including Kutch Copper director Jeet Adani, Adani Natural Resources CEO Vinay Prakash and Codelco chairman Bernardo Fontaine.
Adani views the potential partnership as a move towards developing an integrated copper value chain on a global scale.
The company expects the arrangement could connect copper resources in Chile with its smelter operations in Mundra, India, and help ensure steady access to a mineral viewed as important for electrification and the global energy transition.
Kutch Copper is currently developing a large single-location custom copper smelter complex in Mundra.
Jeet Adani said: “Critical resources, led by copper, are at the very heart of our future transformation. More than just a mining asset, we view this strategic partnership as a long-term investment in India’s future.
“By securing robust access to global copper resources, we are building supply chain resilience for the critical industries driving our nation’s growth-spanning renewable energy, advanced manufacturing, infrastructure, and technology.
“This partnership is a testament to our commitment to enhancing India’s resource security and supporting its journey to becoming a global economic powerhouse.”
Codelco regards this step as consistent with its approach to expanding value from its exploration assets by working with private partners.
The collaboration allows for shared risks and can help accelerate the progression of copper projects with potential for development.
It aligns with ongoing efforts to enhance cooperation between India and Chile on critical minerals.
Resource security for such materials has become a priority for both countries.
According to the MoU, the exploration of the Kaburkaala project would proceed with financial investment, technical capabilities, and project management from Adani, alongside Codelco’s local geological understanding and global experience.
The companies stated their intention to follow responsible exploration practices, prioritising safety and environmental standards as well as aiming for long-term value.
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Source: www.mining-technology.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
