Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd has partnered with Chile’s state owned copper company Corporación Nacional del Cobre de Chile (Codelco) to explore Kaburkaala project in Chile.
The proposed collaboration would increase India’s access to copper resources and its presence in global copper industry.
The two companies signed a MoU at LME Week 2026 in London. The agreement is for opportunities associated with the Kaburkaala project in Calama copper belt of Chile’s Antofagasta Region (one of the world’s most important copper producing districts).
The signing ceremony was attended by Jeet Adani, Director of Kutch Copper Ltd; Dr Vinay Prakash, CEO of Adani Natural Resources and Bernardo Fontaine Chairman of Codelco. Their presence confirmed the importance of the proposed partnership and how it could contribute to strengthening cooperation between Indian and Chilean companies.
This is a step in the direction of building an integrated and globally diversified copper value chain Kutch Copper will tie upstream copper resources from Chile to its copper smelting operations at Mundra in Gujarat, India.
This could create a more connected supply chain linking sourcing of raw materials with processing and production facilities. It also reflects the growing importance of securing reliable mineral resources as industries around the world focus on electrification and clean energy technologies.
Copper is used in many important sectors such as power transmission, electric vehicles, renewable energy systems, electronics and industrial infrastructure. Its electrical conductivity and durability make it an essential material for technologies supporting the global energy transition.
With countries increasing renewable capacity and investing in electric mobility demand for copper will remain a key factor for manufacturers and infrastructure developers. Access to copper resources has therefore become a priority for companies across metals and mining industries.
For Adani Enterprises the proposed tie-up fits into its broader ambitions in natural resources and metals space. Mundra facility of Kutch Copper is part of the group’s efforts to be present across different stages of copper industry.
The partnership with Codelco could give the company an opportunity to explore copper resources in a major mining region and strengthen its international sourcing network but the MoU is an agreement to explore the project so further assessments and discussions will determine what happens next.
The move also underscores how important international partnerships are in securing critical minerals. As global industries transition to cleaner energy systems companies are turning beyond domestic markets for reliable resource connections.
With the Kaburkaala project exploration agreement Kutch Copper and Codelco took an initial step towards strengthening their cooperation. The link between Chile’s copper resources and India’s Mundra smelting complex (if the project moves ahead) could be an important part of a more diversified copper supply chain.
The MoU doesn’t mean mining or commercial production has started; it sets terms for an exploration partnership.
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