CODELCO COLLABORATION
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Hindustan Copper plans capital investment of over Rs 7,000 cr over next 5-6 yrs
Hindustan Copper plans significant capital investment over the next five to six years. This expansion drive includes exploration and mine revival initiatives. The company is also pursuing strategic partnerships for growth opportunities. Rising domestic copper demand fuels these ambitious expansion plans. Hindustan Copper aims to bolster India's mineral security through these efforts.
HCL in 'positive direction' on takeover of 4 copper blocks in Chile; advisors studying data
Hindustan Copper Limited is advancing positively on acquiring four Chilean copper blocks. Transaction advisors are studying data and regulatory issues are being examined. This move aims to secure critical raw materials for India's green energy transition. The company is bidding jointly with NTPC Mining and Coal India Limited.
An FTA no one is talking about can give India a strategic edge
India is in advanced talks with Chile on a comprehensive free trade agreement that could give it long-term access to key critical minerals such as lithium, copper, cobalt and molybdenum, which are essential for electric vehicles, electronics and clean energy. At a time when mineral supply chains are becoming strategic tools in global politics, the proposed pact could support India’s manufacturing growth and energy transition.
Hindustan Copper shifts to underground mining, plans to double output amid surge in infra demand
Hindustan Copper Limited (HCL) has transitioned its Malanjkhand mine to fully underground operations, aiming to triple production by 2030-31 to meet surging domestic demand fueled by AI and data centers. HCL has also partnered with Codelco of Chile to enhance exploration and operational capabilities. This expansion aligns with India's vision for industrial growth and self-sufficiency in copper production by 2047.
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Hindustan Copper plans Rs 2,000cr capex for core expansion by FY31, excludes PPP projects
Hindustan Copper Ltd. (HCL) will invest approximately Rs 2,000 crore over the next five to six years to expand its mining operations, primarily focusing on the Malanjkhand Copper Project in Madhya Pradesh.
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