Adani Group Partners with Codelco for Strategic Copper Exploration in Chile

Ahmedabad, November 12 (Daily Kiran) : Adani Enterprises Limited’s wholly-owned subsidiary, Kutch Copper Limited (KCL), has announced a strategic exploration partnership with Chile’s Codelco. This collaboration, revealed on November 12, focuses on the Kaburakala project located in the Calama copper belt of northern Chile’s Antofagasta region.

This partnership aims to strengthen cooperation between India and Chile in the critical minerals sector. It comes at a time when resource security has become a strategic priority for both nations.

For the Adani Group, this proposed partnership marks a significant step toward developing a diversified and integrated global copper value chain. The initiative will connect Chile’s copper mineral resources with India’s copper smelter complex in Mundra, ensuring a long-term supply of this vital mineral, essential for electrification and the global energy transition.

Jit Adani, Director of KCL, emphasized the importance of copper as a key resource for future transformations. He views this strategic partnership not merely as a mining asset but as a long-term investment in India’s future. By securing strong access to global copper resources, the partnership aims to bolster supply chains for critical industries driving the nation’s development journey, including renewable energy, advanced manufacturing, infrastructure, and technology sectors.

Adani further stated, “This partnership is a testament to our commitment to enhancing India’s resource security and supporting its journey to become a global economic powerhouse.”

For Codelco, this initiative is part of its strategy to create value through public-private partnerships within its exploration portfolio. It aims to accelerate the advancement of copper projects with development potential while sharing risks.

Bernardo Fontaine, Chairman of Codelco’s Board, remarked that this memorandum of understanding represents a significant step in their collaboration with the Adani Group over the past year. He noted that this process showcases Codelco’s ability to attract global partners and generate value from its exploration portfolio while safeguarding the long-term interests of the company and the Chilean government.

The memorandum of understanding was signed recently during the “LME Week 2026” event in London, with the presence of Jit Adani, Dr. Vinay Prakash, CEO of Adani Natural Resources, and Bernardo Fontaine.

Under the proposed partnership, the Adani Group will provide capital, technology-based exploration, and the capacity to implement large-scale projects. Meanwhile, Codelco will contribute its extensive geological knowledge and international experience, facilitating the advancement of exploration work at the Kaburakala project.

Both companies are committed to responsible exploration, high safety standards, environmental protection, and long-term value creation.

Kutch Copper Limited is developing one of the world’s largest single-location custom copper smelter complexes in Mundra, Gujarat. This facility will be based on cutting-edge technology, digitization, and high environmental, social, and governance (ESG) standards, aimed at making India self-reliant in critical metals.