Tasmanian salmon farming in expansion

Posted by AFN Staff Writers on 10th October 2012

Australian Federal Environment Minister Tony Burke has announced that Australia’s largest fish farm, in Macquarie Tasmania, has the government’s go-ahead. The planned $150 – $200 Million dollar farm is located in the vicinity of the Macquarie Harbour, which borders on the Tasmanian Wilderness World Heritage area.

The expansion of the Macquarie Harbour farm is expected to ‘triple fish production in a year’ through producers such as Tassal, Petuna Aquaculture and Huon Aquaculture. Currently, the area generates 8,000 tonnes of fish and is 564 hectares – with the farm said to to grow to 926 hectares and to generate 24,000 tonnes of fish annually.

It is predicted that approximately 200 jobs will be generated in the area, including boat skippers, divers, fish farm hands and safety managers.

Tasmania’s Deputy Premier Bryan Green, representing the Labor government, said that the expansion project had undergone ‘the most extensive environmental assessment’ of a fish farm in Tasmania before it was officially approved.

Despite previous pressure from The Greens  on the Labor government for a ‘tougher assessment’, the party has welcomed Mr Burke’s announcement to impose new environmental monitoring in the area. Mr Burke has promised annual debris clean-ups to prevent damage to the Tasmanian World Heritage Area.

Tassal revenue up 16 per cent from previous year

Meanwhile, one of the operators of the farm, Tassal Ltd has announced a 2011-2012 after tax net profit of $28.1 Million, up 16 per cent in revenue from the previous year. The annual results revealed in late August 2012 showed that operating cash flow had also grown 24.1 per cent in 2012.

Tassal Managing Director and CEO, Mark Ryan, said that the company’s strategy of ‘maximising per capita consumption in Australia was producing results.’

‘Tassal is very well placed to sustainably grow the business and deliver attractive shareholder returns,’ Mr Ryan said.