Ahmedabad, Nov. 12 -- Adani Group's Kutch Copper Ltd (KCL) has signed a memorandum of understanding (MoU) with Chile's state-owned copper producer Codelco to explore the Kaburkaala copper project in northern Chile, in a move aimed at securing long-term access to the critical mineral and strengthening India's copper supply chain.

The proposed partnership will link copper resources in Chile with Adani's integrated copper smelter complex at Mundra in Gujarat, creating an opportunity for the group to develop a globally diversified copper value chain, according to the company's press release.

The MoU sets out the key terms for cooperation in exploring the Kaburkaala project, located in the Calama copper belt in Chile's Antofagasta Region. Th...