Jeyakumar Janakaraj, Adani Australia CEO and Country joined the Adani Group in September 2013 as Chief Executive Officer and Country Head of its Australian operations.
Jeyakumar has 21 years of experience in the mining industry, building and developing world-class mining projects and resource companies. Prior to joining the Adani Group, Jeyakuma was with Sterlite Industries for 18 years during which time he held several executive roles, most recently CEO and Director of Konkola Copper Mines, Zambia. Jeyakumar has a Mechanical Engineering degree from PSG College of Technology, Coimbatore.
In 2006, Jeyakumar was awarded the Gold Medal by the Indian Institute of Metals for his significant contribution to the non-ferrous metallurgical industry and is also listed by the International Who’s Who of Professionals (2009). The mine is proposed by Adani Mining, a wholly owned subsidiary of India’s Adani Group. The development was initially intended to represent an AU$16.5 billion investment, however, after being refused financing by over 30 financial institutions worldwide, Adani announced in 2018 that the mining operation would be downsized and self-funded to AU$2bn.
At peak capacity the mine would produce 60 million tons of coal a year, much of it “low quality, high ash”. In court, Adani said it expects the mine to produce 2.3 billion tons over 60 years. It would be the largest coal mine in Australia and one of the largest in the world. The mine would be the first of a number of large mines proposed for the Galilee Basin and would facilitate their development. Exports are to leave the country via port facilities at Hay Point and Abbot Point after being transported to the coast via rail.
The proposal includes a new 189 km rail line to connect with the existing Goonyella railway line. Most of the exported coal is planned to be shipped to India. The mine has drawn immense controversy about its claimed economic benefits, its financial viability, plans for government subsidy and the damaging environmental impacts. Broadly, these have been described as its potential impact upon the Great Barrier Reef, groundwater at its site and its carbon emissions. The emissions from burning the amount of coal expected to be produced from this one mine, whether sourced from it or elsewhere, would be “approximately 0.53-0.56% of the carbon budget that remains after 2015 to have a likely chance of not exceeding 2 degrees warming.”
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