- Kutch Copper Ltd and Corporación Nacional del Cobre de Chile have signed a MoU for exploration of Kaburkaala project in Chile.
- The MoU sets out terms for potential exploration partnership at the Kaburkaala copper project in Chile’s Calama copper belt.
- The partnership links Chilean copper resources with Adani’s integrated copper smelter complex at Mundra, India.
Ahmedabad/Santiago, November 12, 2026: Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd, and Chile’s Corporación Nacional del Cobre de Chile (Codelco) have signed a Memorandum of Understanding (MoU) to establish key terms for a strategic exploration partnership at the Kaburkaala copper project in Chile.
Located in the Calama copper belt of the Antofagasta Region in northern Chile, Kaburkaala is situated in one of the world’s most prominent copper-producing districts.
The MoU was signed recently during LME Week 2026 in London in the presence of Jeet Adani, Director of Kutch Copper Ltd; Dr. Vinay Prakash, CEO of Adani Natural Resources; and Bernardo Fontaine, Chairman of Codelco.
Commenting on the partnership, Jeet Adani said that critical resources, particularly copper, are central to India’s future transformation. He described the proposed collaboration as a long-term investment in India’s future, aimed at securing reliable access to global copper resources and strengthening supply chain resilience for key industries, including renewable energy, advanced manufacturing, infrastructure and technology.
He added that the partnership reflects Adani’s commitment to enhancing India’s resource security and supporting the country’s ambition to become a global economic powerhouse.
Bernardo Fontaine, Chairman of the Board of Codelco, said the MoU represents an important milestone in the work carried out with Adani over the past year. He noted that the initiative demonstrates Codelco’s ability to attract world-class partners and create value from its exploration portfolio while safeguarding the long-term interests of the company and the State of Chile.
For the Adani Group, the proposed partnership represents a strategic move towards building an integrated and globally diversified copper value chain. It aims to connect upstream copper resources in Chile with Adani’s copper smelter complex at Mundra, Gujarat, while securing long-term access to a mineral that plays a crucial role in electrification and the global energy transition.
For Codelco, the initiative forms part of its strategy to unlock value from its exploration portfolio through public-private partnerships, share investment risks and accelerate the development of promising copper projects.
The collaboration is also expected to strengthen India-Chile cooperation in critical minerals, as resource security becomes an increasingly important strategic priority for both countries.
Under the proposed arrangement, Adani will contribute capital, technology-driven exploration and large-scale project execution capabilities, while Codelco will bring its extensive geological expertise and international experience.
Both companies will focus on responsible exploration, high standards of safety, environmental stewardship and long-term value creation.
The proposed partnership marks another step towards strengthening India’s access to critical minerals and building resilient global supply chains to support future industrial and energy requirements.
