Copper giant Codelco signs deal with India's Adani for exploration in Chile (updated)

Kutcho Copper

21/11/2025 15:11

Adds information and details from paragraph 3

SANTIAGO, Nov 21 (Reuters) - Chilean miner Codelco and India's Adani Group have signed an agreement for a copper project exploration in Chile, Codelco said in a statement on Friday.

The agreement includes the review of three copper projects and sets the framework for potential joint development, the Chilean state-run miner said.

 The non-binding deal between Codelco and Adani's Kutch Copper subsidiary includes the exchange of technical and legal information on the three copper projects, the company added.

 "We are creating a cross-border collaborative model that will ensure long-term copper supply for India," Vinay Prakash, Adani's CEO of Natural Resources, said.

 Codelco, the world's largest copper producer, has been strengthening its international alliances. On Thursday the company announced a partnership with Japan's technology firm NTT DATA for artificial intelligence and robotics.

 (Reporting by Daina Beth Solomon; Editing by Brendan O'Boyle)

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