Overview
- Kutch Copper Ltd and Chile’s state-owned Codelco signed a memorandum of understanding during LME Week on Thursday, November 12, 2026, with Jeet Adani, Dr. Vinay Prakash and Bernardo Fontaine present.
- The MoU sets a framework to advance exploration at the Kaburkaala project in the Calama copper belt, one of the world’s most prolific copper districts.
- Under the proposed model Adani will provide capital, technology-led exploration and execution capability while Codelco will supply geological expertise and local project knowledge.
- The agreement is explicitly non-binding and does not disclose commercial terms, financing details, drilling timelines or a binding joint-venture structure.
- Next steps include technical field work, regulatory approvals and commercial negotiation, with observers watching for drill plans, environmental permits and any formal development deal that would link Chilean ore to Kutch Copper’s Mundra smelter in India.