Progress w.r.t. Agreement for cooperation and exchange of information with CODELCO and Hindustan Copper Limited is submitted.
HINDCOPPER · price
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Hindustan Copper Limited (HCL) has provided an update on its agreement with CODELCO, Chile's state-owned copper company. The company has executed a Non-Disclosure and Confidentiality Agreement (NDA) with CODELCO and has engaged a Transaction Advisor to explore entering the Chilean mining sector. HCL's team, along with its MOU partners, visited copper exploration sites in Chile from April 20-30, 2026 for site studies. The Board was informed about these developments in their meeting held on May 15, 2026, and the work is stated to be under progress.
This indicates HCL is actively pursuing international expansion through potential acquisitions in Chile's copper mining sector, which could be positive for shareholders if successful, though it remains in early exploratory stages.