Adani’s Kutch Copper and Chile’s Codelco Sign MoU for Kaburkaala Copper Exploration

Kutch Copper Ltd (KCL), a unit of Adani Enterprises Limited, and Corporación Nacional del Cobre de Chile (Codelco) have signed a Memorandum of Understanding (MoU) to set key terms for a strategic exploration partnership at the Kaburkaala copper project in Chile.

The MoU was signed recently in the presence of Shri Jeet Adani, Director, KCL; Dr. Vinay Prakash, CEO, Adani Natural Resources; and Mr. Bernardo Fontaine, Chairman of Codelco, during LME Week 2026 in London.

Project Details

The Kaburkaala project is located in the Calama copper belt of the Antofagasta Region in northern Chile, one of the world’s most prolific copper districts. The proposed partnership will enable exploration of the project by combining Adani’s capital, technology-led exploration and large-scale project execution capabilities with Codelco’s deep geological knowledge and international experience.

Strategic Significance

For Adani, the partnership is a step towards building an integrated and globally diversified copper value chain. It aims to link upstream copper resources in Chile with Kutch Copper’s integrated smelter complex at Mundra, India, thereby securing long-term access to a critical mineral essential for electrification and the global energy transition.

For Codelco, the initiative forms part of its strategy to create value from its exploration portfolio through public-private partnerships, sharing risks and accelerating the advancement of copper projects with development potential.

The collaboration also strengthens India-Chile cooperation in critical minerals at a time when resource security has become a strategic priority for both nations.

Both companies have emphasised responsible exploration, high standards of safety and environmental stewardship, and long-term value creation.