ShapeShapeauthorShapecrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

Aquaculture Compensation Plan Needs Revised

by the Fish Site Editor
22 February 2010, at 12:00am

CANADA - A fisheries and aquaculture compensation plan submitted by Vale Inco Newfoundland and Labrador Limited must be revised before it will be accepted.

Minister of Environment and Conservation, Charlene Johnson has said that the plan in relation to Long Harbour Commercial Nickel Processing Plant will be acceptable subject to some revisions.

Minsiter Johnson has said that the plan must include a provision that will require Vale Inco to respond with an assessment decision (claim is accepted, or claim is rejected and therefore could go to the arbitration process) in a timely manner, normally within 30 days of receiving all the necessary information from the claimant.

It must also indicate that the issuing of payments, once a claim has been approved, will be within 45 days. Currently, the document shows a 90 day turn around time for payments.

Also included in the plan should be consideration for compensation claims that involves crewmembers on fishing vessels.

The Fisheries and Aquaculture Compensation Plan was required as one of the conditions of release for the project announced on August 26, 2008.

the Fish Site Editor