Codelco signs agreement with Adani subsidiary to explore copper project in Calama

FinanceInternationalBioBioChileNov 12, 2026, 7:18 AMAI summary

Codelco disclosed the signing of a Memorandum of Understanding with Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises, to set the commercial terms of an exploration alliance for the Kaburkaala copper project in the Calama mining district, Antofagasta region. The agreement was signed at LME Week 2026 and stems from a collaboration since 2025, in which technical teams assessed a portfolio of the Chilean state company's projects and selected Kaburkaala.

In 40 seconds

Codelco signed an MoU with Kutch Copper Limited, a subsidiary of Adani Enterprises, to explore the Kaburkaala copper project in Calama.
The agreement was signed at LME Week 2026 and was attended by Bernardo Fontaine and Jeet Adani, among other representatives.
The alliance stems from a collaboration begun in 2025, with due diligence and on-site reviews of a portfolio of Codelco projects.

Read the full story at BioBioChile

IASummary generated by artificial intelligence from a story by BioBioChile. It may contain errors: the original source prevails.

Codelco
cobre
Adani
minería
Chile

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Alberto Casas: without the fiscal rescue law, Colombia would face recession, not inflation
In an interview with Caracol Radio's 6AM W, journalist, politician and diplomat Alberto Casas said inflation is felt in the cost of living, with food, non-alcoholic beverages, accommodation, public services, restaurants and hotels among the largest monthly variations. He argued that the only way out is raising interest rates, even though that cools the economy, and warned that if the country does not accept the fiscal rescue law there will be no inflation but recession, with one of every two pesos the government receives going to debt payments.
FinanceColombiaCaracol Radio8:07 AMAI
Dollar holds at 3,297.07 pesos TRM on November 12
The Representative Market Rate (TRM) stands at 3,297.07 pesos this Thursday, November 12, 2026, the same value as the previous day, according to the published information. Exchange houses use rates different from the TRM that vary by city and establishment: in Bogotá buying is at 3,200 pesos and selling at 3,280, while Cartagena reports 3,750 and 3,980, respectively. Against the same day last week the dollar rises 2.36%, but falls 12.24% since the start of 2026.
FinanceColombiaDiario del Sur8:01 AMAI
El Corte Inglés posts €249 million net profit through August, up 11.5%
El Corte Inglés reported a net profit of €249 million in the first half of the year, up 11.5% from the same period a year earlier. Recurring net profit rose 9.1% to €210 million. Global revenue reached €8.404 billion (+2.3%) and turnover €7.230 billion (+2.6%). EBITDA stood at €562 million, up 4.2%, and the group allocated €294 million to investments in commercial, logistics and technology transformation.
FinanceInternationalLa Voz de Galicia7:25 AMAI
Spain's DGT backs tax consolidation group for an investment company and its real estate subsidiary
Spain's Directorate General of Taxation, in binding ruling V5195-26 of July 17, 2026, confirms that a company engaged in managing financial investments and strategic direction can be the parent of its wholly owned real estate subsidiary and form a tax consolidation group under Corporate Income Tax. The regime requires meeting the participation, control and agreement-maintenance requirements of articles 58 and 61 of the LIS and notifying the tax authority before the start of the fiscal year.
FinanceInternationalFiscal Impuestos7:18 AMAI

Codelco signs agreement with Adani subsidiary to explore copper project in Calama

In 40 seconds

Comments

Keep reading

Alberto Casas: without the fiscal rescue law, Colombia would face recession, not inflation

Dollar holds at 3,297.07 pesos TRM on November 12

El Corte Inglés posts €249 million net profit through August, up 11.5%

Spain's DGT backs tax consolidation group for an investment company and its real estate subsidiary