The collaboration formalizes joint work on the Kaburkaala copper exploration project, combining Adani's capital and project execution with Codelco's geological experience. The agreement directly links Chilean upstream assets to the Mundra copper smelting complex in Gujarat to establish a resilient global value chain. For Codelco, the partnership facilitates shared risk through public-private cooperation after a year of bilateral discussions. This initiative simultaneously enhances India's long-term resource security and accelerates development within Chile's exploration portfolio.
Key points
The partnership secures a critical mineral supply chain to support India's manufacturing,…: The partnership secures a critical mineral supply chain to support India's manufacturing, infrastructure, and renewable energy sectors.
Codelco is utilizing public-private partnerships to distribute development risks while pr…: Codelco is utilizing public-private partnerships to distribute development risks while protecting the interests of the Chilean state.
The arrangement culminates a full year of strategic engagement and deepens broader minera…: The arrangement culminates a full year of strategic engagement and deepens broader mineral cooperation between India and Chile.
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The MoU was signed during LME Week 2026 in London in the presence of Kutch Copper Director Jeet Adani, Adani Natural Resources CEO Vinay Prakash and Codelco Chairman Bernardo Fontaine.
Adani-Codelco partnership: What does the copper exploration deal involve?
Under the proposed partnership, Adani will contribute capital, technology-led exploration capabilities and large-scale project execution expertise to advance the Kaburkaala project. Codelco will bring its geological expertise and international experience in copper exploration.Read more - China’s army-linked university was served Nvidia chips despite US sanctions
For Adani Group, the partnership is part of its strategy to build an integrated and globally diversified copper value chain, connecting upstream resources in Chile with its copper smelting complex at Mundra in Gujarat.
The arrangement could also provide Adani with long-term access to copper, a critical mineral used in electrification, renewable energy, infrastructure, advanced manufacturing and the global energy transition.
For Codelco, the proposed collaboration is part of its efforts to unlock value from its exploration portfolio through public-private partnerships, share project risks and accelerate the development of…
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