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New Delhi, Nov 6 (PTI) Adani Group’s Kutch Copper Ltd has signed an agreement with Australia’s Caravel Minerals Ltd for collaboration on the Caravel Copper Project in Western Australia’s Yigarn Terrane region.

The non-binding memorandum of understanding (MoU) between Adani Enterprises’ subsidiary Kutch Copper Ltd (KCL) and Caravel Minerals Ltd provides a framework for investment cooperation and a potential life-of-mine offtake agreement, covering up to 100 per cent of the project’s copper concentrate output – estimated at 62,000-71,000 tonnes of payable copper annually in the initial years, the Adani group said in a statement.

The concentrate is expected to supply Kutch Copper’s USD 1.2 billion Kutch smelter in Gujarat, billed as the world’s largest single-locati

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