Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ King Salmon is ready to bring economic benefits


NZ King Salmon is ready to bring economic benefits to Top of the South

The EPA Board of Inquiry hearings are finished, the final decisions have been handed down and we have the green light to get on with bringing new prosperity to our region.

NZ King Salmon has provided comments to the Board of Inquiry on minor and technical issues. All submitters have had the opportunity to do likewise. While we have 15 working days to decide on whether or not to appeal the board’s final determination, at this stage it seems unlikely that NZ King Salmon will appeal. Appeals can only be made on points of law.

Currently every year we create almost $25 million in wages and salaries for the area. The EPA’s Board of Inquiry has given us the green light for four new farms covering only six surface hectares.

That will enable us to double production to 15,000 tonnes over the coming years bringing in to the country an extra $60 million a year in export income and ultimately adding much-needed new jobs to the region.

We will also gather valuable scientific knowledge so the Marlborough Sounds can be better managed as a multiuse area. At no cost to the ratepayer we will be funding a comprehensive research programme of nitrogen levels from all sources, not just fish farms. That research will establish baseline levels of nitrogen in the Sounds and their sources to support our contention that nitrogen levels from fish farms have little effect on the environment.

Even though there has never been an issue with king shags, we will be funding a programme to monitor population levels and if need be ensure the community as a whole can better care for these important birds.

The scientific programme will be monitored by a peer review panel of expert scientists. They will serve in an advisory role for the company, Marlborough District Council and iwi. All their insights will be available to the public.

We have received great support from the Top of the South community. People understand that commerce and conservation can work together. We look forward to getting on with the task at hand and bringing our new farms on stream so we can support the economic wellbeing of the Top of the South.
Grant Rosewarne, CEO, NZ King Salmon

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news