From The Economic Times · ET Online · · 1m 30s
Adani and Codelco Partner on Chile Copper Project
Adani Group and Codelco sign MoU to explore Chile's Kaburkaala copper project.
In brief
Adani Group and Codelco sign MoU to explore Chile's Kaburkaala copper project. Adani Group and Codelco signed a Memorandum of Understanding to explore the Kaburkaala copper project in northern Chile, aiming to secure copper resources for India's industrial growth. Originally reported by The Economic Times.
Adani Group and Codelco sign MoU
Adani Group's Kutch Copper Ltd signed a Memorandum of Understanding with Chile's state-owned copper producer Codelco to explore the Kaburkaala copper project in northern Chile.
Project location and significance
The project is located in the Calama copper belt in the Antofagasta region, one of the world's most prolific copper-producing districts.
MoU signing details
The agreement was signed during LME Week 2026 in London with Kutch Copper Director Jeet Adani, Adani Natural Resources CEO Vinay Prakash and Codelco Chairman Bernardo Fontaine present.
Adani's contribution to partnership
Adani will contribute capital, technology-led exploration capabilities and large-scale project execution expertise to advance the Kaburkaala project.
Codelco's contribution to partnership
Codelco will bring geological expertise and international experience in copper exploration to the partnership.
Adani's strategic goals
The partnership aims to build an integrated and globally diversified copper value chain connecting Chilean resources with Adani's copper smelting complex at Mundra in Gujarat.
Adani's copper supply rationale
Adani states securing global copper resources is critical for India's economic and industrial growth, especially for renewable energy, advanced manufacturing and infrastructure.
The main idea
Adani Group and Codelco signed a Memorandum of Understanding to explore the Kaburkaala copper project in northern Chile, aiming to secure copper resources for India's industrial growth.
