Adani’s Kutch Copper Partners With Chile’s Codelco To Explore Major Copper Belt

Adani Enterprises Ltd’s subsidiary, Kutch Copper Ltd (KCL), has entered into a strategic partnership with Chile’s state-owned copper producer Codelco to explore the Kaburkaala project in the Calama copper belt of northern Chile.

Announced on Thursday, the collaboration focuses on copper exploration in the Antofagasta Region and aims to strengthen cooperation between India and Chile in the critical minerals sector. The partnership comes amid growing global demand for copper and increasing focus on securing reliable mineral supplies.

The agreement will help the Adani Group build an integrated global copper value chain, linking its exploration activities in Chile with its smelting operations at Mundra, Gujarat. It will also secure long-term copper supplies to support electrification and the global energy transition.

Jeet Adani, Director of Kutch Copper, said access to critical resources, particularly copper, would play an important role in India’s future growth. He described the partnership as a long-term investment in the country’s resource security and supply chain resilience.

He added that reliable copper supplies would support industries such as renewable energy, advanced manufacturing, infrastructure and technology.

Codelco aims to develop its exploration portfolio, share risks and accelerate promising projects through private partnerships. Chairman Bernardo Fontaine said the agreement would attract global partners while protecting the interests of the company and Chile.

The MoU was signed during LME Week 2026 in London. Adani will provide capital, technology and project execution expertise, while Codelco will contribute its geological and mining experience.

Both companies have emphasised responsible exploration, workplace safety, environmental protection and long-term value creation.

Kutch Copper is developing a large single-location copper smelting complex at Mundra, Gujarat, using advanced technology and digital systems to support India’s self-reliance in critical metals.

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