Adani Group and Codelco Partner for Chilean Copper Project
Adani Group and Chile's state-owned Codelco signed a memorandum of understanding to develop the Kaburkaala copper exploration project in northern Chile.
The Adani Group, through its subsidiary Kutch Copper Limited, and Chile's state-owned copper producer Codelco signed a memorandum of understanding to develop the Kaburkaala copper exploration project. The agreement was signed in London during LME Week 2026 and focuses on the Calama copper belt in the Antofagasta region of northern Chile.
Under the partnership, Adani provides financing, technology-led exploration capabilities, and project execution expertise. Codelco contributes geological expertise and international experience. The collaboration is part of a broader strategy by Codelco to unlock value from its exploration portfolio through public-private partnerships and shared risk.
The project aims to secure a long-term copper supply for Adani's integrated smelting complex in Mundra, India. This move supports India's efforts to reduce reliance on copper imports to meet growing demand for electrification, renewable energy, advanced manufacturing, and infrastructure. Jeet Adani characterized the partnership as a strategic investment in India's future and a means of building supply chain resilience.
