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Adani Group to get copper concentrates from Australia, Chile, and Peru

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A senior company official said that Gautam Adani's conglomerate plans to get copper concentrates from Peru, Chile, and Australia to power its $1.2 billion copper smelter, which will be the biggest of its kind in the world. Kutch Copper Ltd. (KCL), owned by Adani Enterprises Ltd., plans to start doing business in Mundra, Gujarat, in the next few weeks. The plant will be able to handle 500,000 metric tons at first, and it is plans to grow to 1 million metric tons by 2028/29. This is not the first time the conglomerate has been on an expansion spree. Earlier as well, the firm has taken many steps to enter different sectors. In an interview with Reuters, Vinay Prakash, Managing Director of KCL, said the company is willing to buy copper assets in India and other countries. The strategy for getting resources comes from a mix of short-term and long-term deals with miners and traders around the world, including ones in Peru, Chile, and Australia. Meeting India's Needs fo...
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Adani Coal Is Coming To India With Zero Tariffs: Former Australian PM Tony Abbott

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Australian coal from Adani mining is going to help in the electrification of India, says Tony Abbott.   Australian coal from Adani mining in Australia is going to help in the electrification of India, former Australian Prime Minister Tony Abbott said. In a recent interview with NDTV, Abbott said " Adani coal is reaching India from Australia without any tariffs." He said that as someone who very much supported Adani mining in central Queensland, he is delighted that the company's coal is now coming to India to help with electrification of the country. "Adani coal is coming to India with zero tariffs. Thanks to that deal that removed tariffs on Australian coal," Abbott said. The deal was finalised between the two governments late last year. Thoughts on Hindenburg Saga "I admire the way Adani and his team have persisted with Australia," Abbott said, adding that Adani created various jobs and wealth in Australia notwithstanding the fact that the...
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