Adani’s Kutch Copper Signs MoU with Codelco for Copper Exploration in Chile
Kutch Copper Ltd., a unit of Adani Enterprises, has signed an MoU with Chile's Codelco to establish a strategic exploration partnership for the Kaburkaala copper project in northern Chile, aimed at securing copper supplies for renewable energy, advanced manufacturing, infrastructure and technology industries.
November 12, 2026. By Mrinmoy Dey
The MoU was signed recently in the presence of Jeet Adani, Director, KCL; Dr. Vinay Prakash, CEO, Adani Natural Resources; and Bernardo Fontaine, Chairman, Codelco, at LME Week 2026 in London.
Commenting on the development, Jeet Adani, Director, KCL, said, “Critical resources, led by copper, are at the very heart of our future transformation. More than just a mining asset, we view this strategic partnership as a long-term investment in India's future. By securing robust access to global copper resources, we are building supply chain resilience for the critical industries driving our nation's growth-spanning renewable energy, advanced manufacturing, infrastructure, and technology.”
Bernardo Fontaine, Chairman of the Board, Codelco, remarked, “This MoU represents an important step in the work we have carried out with Adani over the past year. This process 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 Adani, the proposed partnership is a strategic step in building an integrated, globally diversified copper value chain, linking upstream resources in Chile with its copper smelter complex at Mundra, India and securing long-term access to a mineral that is key to electrification and the global energy transition, the company said.
For Codelco, this initiative is 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.
The proposed partnership would enable exploration of the Kaburkaala project to advance through Adani's contribution of capital, technology-led exploration and large-scale project execution capability, combined with Codelco's deep geological knowledge and international experience, with both companies focused on responsible exploration, high standards of safety and environmental stewardship, and long-term value creation.
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