Hindustan Copper Limited has taken a significant step toward expanding its international mining presence by progressing its cooperation agreement with Corporacion Nacional Del Cobre De Chile (CODELCO), the state-owned copper mining company of Chile.
In an official regulatory filing submitted to both BSE Limited and National Stock Exchange of India Limited, Hindustan Copper Limited (HCL) informed that its Board of Directors, during the meeting held on May 15, 2026, was updated on the latest developments regarding the collaboration with CODELCO.
As part of the ongoing engagement, HCL has executed a Non-Disclosure and Confidentiality Agreement (NDA) with CODELCO and has also appointed a Transaction Advisor to support the company’s plans for entering the Chilean mining sector and pursuing future acquisitions.
Further strengthening its overseas exploration efforts, a joint team from HCL and its Memorandum of Understanding (MoU) partners visited several exploration sites in Chile between April 20 and April 30, 2026. The visit was conducted for site studies related to copper blocks, and the company stated that work in this direction is currently in progress.
The development follows the earlier announcement made by HCL on May 15, 2025, regarding the agreement for cooperation and exchange of information between the two companies.
