Local hatchery part of multi-million dollar deal

AUSTRALIA - Port Augusta&#39;s licensed kingfish hatchery is part of a $5 million deal which will secure control of the Australian kingfish market for Clean Seas Tuna Limited. </b> <br><br> The hatchery, which was set up in 1995 by Spencer Gulf Aquaculture in the grounds of the NRG Flinders power station, initially began producing snapper fingerlings for commercial growers. <br><br> The Commonwealth Rail Reform Transition Programme provided key funding support for the establishment of the snapper hatchery and a research and development project into the feasibility of growing yellowtail kingfish. <br><br> The project resulted in Spencer Gulf Aquaculture achieving the first successful spawning of yellowtail kingfish in 1998. <br><br> Clean Seas Tuna, a branch of leading shareholder Stehr Group, is looking to move to Whyalla with the acquisition of South Australia Aquaculture Management&#39;s (SAAM) business and assets, which include the Port Augusta hatchery. <br><br> <i>Source:</i>

the Fish Site Editor

Learn more