Adani Enterprises Limited, through its subsidiary Kutch Copper Ltd, has signed a Memorandum of Understanding (MoU) with Chile’s state-owned copper producer, Codelco. The agreement focuses on forming a strategic exploration partnership for the Kaburkaala copper project in Chile’s Calama copper belt. This collaboration aims to link Chilean copper resources with Adani’s integrated copper smelter complex in Mundra, India, enhancing resource security and supply chain resilience for critical industries.
Strategic Partnership for Copper Exploration
Adani Enterprises Limited (AEL), via its subsidiary Kutch Copper Ltd (KCL), has entered into a Memorandum of Understanding (MoU) with Corporación Nacional del Cobre de Chile (Codelco). The agreement outlines key terms for a strategic exploration partnership at the Kaburkaala project, situated in the prolific Calama copper belt of the Antofagasta Region in northern Chile.
Linking Global Resources with Indian Infrastructure
This partnership is poised to connect Chilean copper resources with Adani’s existing integrated copper smelter complex located in Mundra, Gujarat, India. The initiative is considered a significant step in building a globally diversified copper value chain, securing long-term access to a mineral crucial for electrification and the global energy transition. For Adani, it represents a strategic move to bolster India’s self-reliance in critical metals.
Collaboration Details and Objectives
The MoU was signed in London during LME Week 2026, in the presence of key executives from both companies. The collaboration leverages Adani’s capital, technology-led exploration, and project execution capabilities, combined with Codelco’s extensive geological knowledge and international experience. Both entities are committed to responsible exploration, high safety standards, environmental stewardship, and long-term value creation.
Strategic Importance for Both Nations
For Codelco, this initiative aligns with its strategy to generate value from its exploration portfolio through public-private partnerships, sharing risks, and accelerating project development. The collaboration also reinforces India-Chile cooperation in critical minerals, a sector of strategic priority for both nations amidst growing global demand for resources underpinning renewable energy, advanced manufacturing, and infrastructure development.
Company Backgrounds
Adani Enterprises Limited is the flagship company of the Adani Group, involved in sectors including ports, energy, and primary industries. Kutch Copper Limited is developing a large-scale custom copper smelter complex at Mundra, focusing on advanced technology and high ESG standards. Codelco is a state-owned Chilean company and one of the world’s largest copper producers, committed to sustainable mining and value creation for Chile.
Source: BSE
