Adani Enterprises Share Price in Focus After Kutch Copper Signs Chile Copper Project MoU with Codelco

Kutch Copper Limited, part of Adani Enterprises' copper business, has signed an MoU with Codelco to explore a possible partnership for the Kaburkaala copper project in northern Chile. 

The project is located in the Calama copper belt in the Antofagasta Region. The agreement was signed during LME Week 2026 in London. 

Companies Begin Discussions on Kaburkaala Project 

The MoU sets out the basis for discussions between Kutch Copper and Codelco on the proposed exploration partnership. 

Kutch Copper brings capital and project execution capabilities to the proposed arrangement, while Codelco brings its geological knowledge and mining experience. 

Potential Connection with Mundra 

The discussions are also linked to Kutch Copper's broader plans to build a copper value chain. 

Potential copper resources from Chile could eventually be connected with the company's copper smelter complex at Mundra in Gujarat, subject to the development of the proposed project. 

Copper Supply for Future Industries 

The proposed partnership is focused on exploring the Kaburkaala project's development potential. 

The MoU comes as copper remains an important raw material for industries connected with electrification and the energy transition. 

Codelco and Kutch Copper Explore the Opportunity 

For Codelco, the proposed partnership forms part of its effort to advance exploration projects through collaborations and share development risks. 

For Kutch Copper, the agreement opens discussions around a potential source of upstream copper resources outside India. 

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Adani Enterprises Share Price Performance  

As of 12 November 2026, at 11:32 AM, Adani Enterprises Ltd share price is trading at ₹2,731.10 per share, reflecting a surge of 0.61% from the previous trading session. 

Conclusion 

The agreement allows Kutch Copper and Codelco to explore whether they can work together on the Kaburkaala copper project and take the discussions forward based on the project's potential. 

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