Hindustan Copper and CODELCO Forge Cooperation on Joint Mining Exploration in Chile
Hindustan Copper Ltd. (HCL) has confirmed a collaborative effort with Corporacion Nacional Del Cobre De Chile (CODELCO) focused on identifying and potentially exploiting mineral properties in Chile. The initiative follows an executed Agreement for cooperation and exchange of information between the two companies.The collaboration aims to establish a strategic partnership to enhance capabilities in the fields of mining properties exploration and mineral beneficiation. The primary objective of the agreement is to identify and, if feasible, implement joint activities by sharing experience and knowledge between both parties.
The cooperation formalized with CODELCO on April 1, 2025.
The collaboration gained momentum in the summer of 2025. A specialized team from CODELCO, comprising experts in areas such as Geology/Exploration, Tailing management, Geotechnical Engineering, Geometallurgy, and Innovation & Technology, visited the corporate office of HCL and several copper mining sites located in Rajasthan, Madhya Pradesh, and Jharkhand between June and July 2025.
During this technical visit, CODELCO shared detailed information regarding several Exploration Projects located in Chile. Subsequently, a team from HCL, along with its Memoranda of Understanding (MOU) partners, is planning a visit to some of these exploration sites.
HCL stated that upon successful exploration and confirmation of the viability of the projects, the assets could be jointly exploited through negotiation, adhering to the Chilean Mining Code and the existing collaborative Agreement.
Regarding the current status of the partnership, HCL clarified that while no negotiations are currently underway for the formation of a Joint Venture Company, CODELCO has shared geophysical exploration information for several Blocks. This data is presently being evaluated by HCL.
HCL asserted that, based on the current understanding, the article discussing the potential joint venture has no material impact on the company.
HINDCOPPER Stock Price Movement
Today, Hindustan Copper Limited shares edged higher, concluding the session at ₹563.75, representing a 3.02% gain. The stock saw robust trading throughout the day, with total traded volume hitting 7.66 million shares.Source:
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