State-owned Hindustan Copper Ltd (HCL) on Friday said it has hired a transaction advisor to support its entry into Chile's copper belt and to scout acquisition prospects.
In a filing to BSE, Hindustan Copper said that the "the company has executed non-disclosure and Confidentiality Agreement (NDA) with CODELCO (Corporacion Nacional Del Cobre De Chile) and engaged a Transaction Advisor for entering the Chilean Mining sector and further acquisition.".
"Also, a team of HCL along with team of its MOU partners have visited few exploration sites at Chile from April 20 to April 30, 2026 for site study of copper blocks. The work in this regard is under progress." CODELCO is the state-owned copper mining company of Chile.
Mines minister G Kishan Reddy had earlier stressed India's commitment to strengthening cooperation with Chile in copper, lithium, and other critical minerals, highlighting the growing importance of these minerals in India's industrial growth and sustainable energy transition.
Chile, being a global leader in copper and lithium production, offers significant opportunities for Indian companies looking to secure access to these minerals through Greenfield and Brownfield mining projects.
