Adani Group and Codelco sign agreement for copper exploration in Chile
Memorandum of understanding signed between Kach Copper Limited and Chilean state-owned company for the Cabukurkala project
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
12 November 2026, 8:53 am · 1 min read
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The Adani Group and Chile's state-owned copper producer Codelco have signed an agreement to develop the Cabukurkala copper exploration project in the Antofagasta region of northern Chile, according to a report by Business Standard. This agreement has been entered into between Codelco and Kach Copper Limited, which is part of the Adani Group.
The Adani Group will provide financial assistance for this project. According to a statement from Codelco, this project could provide a long-term supply for India's smelting complex located in Mundra. Both companies had agreed to the partnership last year, and several potential copper projects of Codelco were evaluated before the Cabukurkala project was selected by Adani.
India relies on imports to meet the increasing demand and shortage of copper in its rapidly growing economy and is attempting to strengthen its supply by investing abroad.
Codelco is a state-run Chilean copper producer engaged in the field of copper exploration and production.
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