Local hatchery part of multi-million dollar deal

AUSTRALIA - Port Augusta'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.

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.

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.

The project resulted in Spencer Gulf Aquaculture achieving the first successful spawning of yellowtail kingfish in 1998.

Clean Seas Tuna, a branch of leading shareholder Stehr Group, is looking to move to Whyalla with the acquisition of South Australia Aquaculture Management's (SAAM) business and assets, which include the Port Augusta hatchery.

Source: portaugusta.yourguide.com.au