Tuesday, 17 September 2019
Jeyakumar Janakaraj, CEO of Adani Mining - Event Write Up
Austmine Limited
/ Categories: Partner Events

Jeyakumar Janakaraj, CEO of Adani Mining - Event Write Up

Last week in Brisbane Austmine was delighted to have Jeyakumar Janakaraj (better known as JJ) CEO and Country Head of Adani Australia, as our keynote guest speaker for our networking event. JJ spoke to our biggest ever crowd, with over 350 registered, all keen to hear the latest on the biggest show in town – Carmichael. The Adani event was sponsored by Resource Super and WSP | Parsons Brinckerhoff, both of whom have Adani as a major client.

JJ kicked off with a swift overview of Adani, their diversity as a company (they are a power, infrastructure and shipping company – not a miner as they are typically labelled!), their operations and their vision for the Carmichael Project within the context of the company. He went on to discuss India’s role in the future of coal demand, dispelling any misconceptions that it will replace China as the next source of huge demand. However, JJ made an important point – India is a stable democracy and whilst it may not “rock the top” of the demand world, this also means it won’t cause the global commodity prices to hit rock bottom. Thermal coal is the one commodity that India does import more than China; Australia is uniquely placed to forge the relationship with India to supply that coal.

Austmine members and those who attended the Adani event in February 2016 can email megan.edwards@austmine.com.au to receive a copy of JJ's presentation.

The rising middle class in India is enormous, meaning a lot of people need to be served with power in their homes and places of work. Adani, as mentioned, is a diverse company. They do not propagate the value or use of renewable energy over coal or vice versa, but instead feel India needs all available energy sources in order to meet their future energy requirements. With global coal demand due to nearly triple between 2013 and 2040 according to numbers cited in the International Energy Agency’s World Economic Outlook report in 2015, the Galilee Basin could be a critical part of meeting that demand.

Key Statistics for the Carmichael Project:

  • World’s largest single coal tenement and would be Australia’s largest coal mine with the capacity for up to 60Mtpa
  • Queensland’s first standard gauge train which will unlock the Galilee Basin with its multi-user plan
  • Adani have a 99 year lease on the operational multi-user Terminal 1 at Abbott Point Port with capacity of up to 50Mtpa
  • Total project cost (mine, port and rail) estimated to be over $16billion
  • Over $3.1billion already invested in Queensland by Adani

The Carmichael Project gained the final environmental approval from the Queensland Government on Tuesday 2nd February 2016, with over $120million in studies and approvals now having been spent by Adani. The final approval contained over 140 conditions attached to it and the concern from many is that once again this approval will be challenged in the courts. JJ addressed this concern, urging the industry and those present to add their voices to those calling for the mine’s approval and the thousands of direct and indirect jobs it will bring to the region. Anyone interested in submitting their vote for the mine’s procedure can send a communication directly to:

Anthony Lynham, Minister for Natural Resources and Mines: anthonyl@ministerial.qld.gov.au

JJ’s overarching message in his presentation, was that of collaboration. Adani cannot drag this project through alone, and he noted how it seems to only be when times are tough that we pull together as a sector: “If we all have one voice, there is no stronger voice. We will make mistakes, but if we all work together we will not make a blunder.”

Austmine members and those who attended the Adani event in February 2016 can email megan.edwards@austmine.com.au to receive a copy of JJ's presentation.

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