Kutch Copper Ltd. (KCL), a subsidiary of Adani Enterprises Limited, has signed a Memorandum of Understanding (MoU) with Chile’s state-owned copper producer Corporación Nacional del Cobre de Chile (Codelco) to establish a strategic exploration partnership at the Kaburkaala project in northern Chile.
The MoU sets out the key terms of cooperation for the proposed partnership at the project, located in the Calama copper belt of the Antofagasta Region, one of the world’s most prolific copper-producing districts.
The agreement was signed recently during LME Week 2026 in London in the presence of Jeet Adani, Director, Kutch Copper Ltd.; Dr Vinay Prakash, CEO, Adani Natural Resources; and Bernardo Fontaine, Chairman, Codelco.
For the Adani Group, the proposed collaboration represents a strategic step towards building an integrated and globally diversified copper value chain. It aims to connect upstream mineral resources in Chile with the Group’s copper smelting complex at Mundra in Gujarat, while securing long-term access to copper, a critical mineral for electrification and the global energy transition.
Commenting on the partnership, Jeet Adani, Director, Kutch Copper Ltd., said that copper and other critical resources would play a central role in India’s future transformation.
He noted that the proposed collaboration was more than a mining investment, describing it as a long-term commitment towards strengthening India’s resource security and supply chain resilience. He also highlighted copper’s growing importance across renewable energy, advanced manufacturing, infrastructure and technology sectors.
Under the proposed arrangement, Adani is expected to contribute capital, technology-led exploration capabilities and expertise in executing large-scale projects, while Codelco will bring its extensive geological knowledge and international mining experience to advance exploration activities at Kaburkaala.
Both companies have emphasised their commitment to responsible exploration practices, high safety standards, environmental stewardship and long-term value creation.
The proposed partnership comes amid growing global demand for copper, driven by renewable energy expansion, electric mobility, power infrastructure and industrial electrification. For India, securing reliable access to overseas copper resources is increasingly important as the country seeks to strengthen its domestic manufacturing capabilities and build resilient critical mineral supply chains.