No option except 100% FIFO, Adani CEO says
BEFORE speaking to industry leaders in Mackay, Adani chief executive officer Jeyakumar Janakaraj spoke exclusively to the Daily Mercury about the proposed Carmichael coal mine.
Are you planning to go out on the reef?
No I'll go back home tomorrow.
What will you do to foster enthusiasm for the mine further?
There is a huge focus in our Adani foundation which is the social arm that we have in India on education and on health.
We can develop that further (here) because we have been in the study phase (so far). .
Are you going to try and prioritise people from this region to get jobs?
It's all dependent on the talent that you need for those jobs. Merit is number one. If they don't get merit in the region they will keep going.
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What about training programs for people in this region to get jobs?
Today we are even having a program with QUT to run a training program for Adani leadership.
What about at CQUni?
Right now everything (is) based in Brisbane. So it will obviously get replicated when we start touching the regions.
Would you support 100% FIFO at the mine site?
At the mine site there is no other option.
What about building up a town?
Right now the project is more important for us than anything else and the economics has to stack up. And safety is the prime focus. We can not (let people drive) just because we don't support 100% FIFO.
You've got contracts to sell 70% of the coal, where will the rest go?
30% will be sold on short-term basis.
Have the environmental regulations in Australia been tougher than anticipated?
We are doing some approvals for the second time and for the third time now, nobody will expect an approval to go three cycle.
Do you expect it to be approved?
Absolutely, there is no doubt.
Have you got a backup plan if it's not?
Is there an option for not being successful?
You need backups for areas where you see risks.
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There was an Adani protest recently in Mackay. Do they know the full story of your company?
Those wanting to know can go into our website. Some minds cannot be changed. Some have ideology of opposing coal. There's a lot of people being cheated.
Greenpeace are using (images from the Philippines) saying 'this is the barrier reef'.
Still, is there more to learn?
We've gone through the rigour the country has put in front of us. We've passed this stage right?
So why are there still people doubting?
They are not doubting Adani they are doubting the country Australia.
You can change the name from Adani to xyz, but the country remains the same and we've followed every rule.
Do they expect you to do more than that?
If it was only communication, (our) people are very clear in the website.
Do you need more mining service industries to support this project?
No there are enough. There is benefits (in the mine's size), you get productivity, benefits of scale.
Have you any hobbies?
I spend time with my family and play golf. I'm not very good at golf. That is when you get time right?
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