Adani’s Kutch Copper, Codelco Sign Chile Exploration MoU

~Adani’s Kutch Copper and Chile’s Codelco sign an MoU for strategic exploration of the Kaburkaala copper project, strengthening global copper supply.
Ahmedabad/Santiago, Nov 12 (VNI): Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, and Chile’s Corporación Nacional del Cobre (Codelco) have signed a Memorandum of Understanding (MoU) to establish a strategic exploration partnership for the Kaburkaala project in the Calama copper belt of Chile’s Antofagasta Region, one of the world’s major copper-producing districts.
According to the company, the MoU was signed during LME Week 2026 in London in the presence of Jeet Adani, Director of KCL; Dr. Vinay Prakash, CEO of Adani Natural Resources; and Bernardo Fontaine, Chairman of Codelco. The agreement sets out key terms for cooperation in exploring the Kaburkaala copper project.
Jeet Adani said copper is central to the world’s future transformation and described the proposed partnership as a long-term investment in India’s future. He said securing access to global copper resources would strengthen supply chain resilience for critical industries, including renewable energy, advanced manufacturing, infrastructure and technology.
Bernardo Fontaine, Chairman of the Board of Codelco, said the MoU represents an important step in the engagement with Adani over the past year. He added that the partnership demonstrates Codelco’s ability to attract global partners and create value from its exploration portfolio while protecting the long-term interests of the company and the State of Chile.
The proposed partnership is a strategic step for Adani towards building an integrated global copper value chain, connecting upstream resources in Chile with its copper smelting complex at Mundra, Gujarat. The collaboration will combine Adani’s capital, technology-led exploration and project execution capabilities with Codelco’s geological expertise and international experience. It is also expected to strengthen India-Chile cooperation in critical minerals, with both companies focusing on responsible exploration, safety, environmental protection and long-term value creation. VNI NEWS, Adani Kutch Copper, Codelco Chile, Kaburkaala Project, Copper Exploration MoU, Adani Chile Partnership, Adani Group, Kutch Copper, Codelco, Chile, Kaburkaala Project, Copper Exploration, Critical Minerals, Mundra Copper Smelter, India Chile Partnership, VNINews, VNINews.com