Adani’s Kutch Copper, Caravel Minerals Sign MoU to Advance Major Australian Copper Project
Adani’s Kutch Copper has signed a Memorandum of Understanding (MoU) with Australia’s Caravel Minerals to jointly advance the development of the Caravel Copper Project in Western Australia—one of the country’s largest undeveloped copper deposits. The collaboration aims to fast-track project feasibility, investment planning, and long-term supply agreements as global demand for copper continues to rise.
Under the MoU, both companies will explore opportunities for technical cooperation, project financing, and potential offtake arrangements. The agreement is expected to strengthen Adani’s position in the global copper supply chain while supporting Australia’s push to become a leading supplier of critical minerals.
Kutch Copper, a subsidiary of the Adani Group, is currently building one of the world’s largest copper smelters in Mundra, Gujarat. The MoU aligns with the company’s strategy to secure reliable raw material sources as India accelerates its clean energy and industrial manufacturing growth.
Caravel Minerals CEO Mark Sullivan welcomed the partnership, stating, “Adani brings world-class expertise in large-scale infrastructure and resources development. This MoU is an important step towards unlocking the full potential of the Caravel Copper Project.”
Industry analysts say the agreement could significantly boost the project’s prospects, which has an estimated resource exceeding one billion tonnes. Copper’s critical role in electric vehicles, renewable energy technologies, and electrification systems has intensified global competition to secure long-term supplies.
Adani Group officials noted that the partnership supports India’s ambitions to become a major player in the global energy transition. “Copper demand is set to multiply in the coming decade. Strategic collaborations like this ensure stability and sustainability in the supply chain,” a spokesperson said.
The MoU marks a notable expansion of Adani’s international resource partnerships, with further detailed agreements expected as feasibility studies progress.