Maori nation signs new aquaculture deal

THREE new Maori aquaculture agreements, offering improved fish farming opportunities, have been signed in the New Zealand parliament.

The Iwi people from the Auckland, Tasman, and Marlborough regions have reached the deal as a result of the Maori Commercial Aquaculture Claims Settlement Act 2004.

Primary industries minister Nathan Guy said: ‘The agreements in Auckland, Tasman and Marlborough will deliver four hectares of authorisations for oyster space in addition to $46 million as cash equivalent for the remainder of the Crown’s obligations.

‘Through these agreements Maori will have the opportunity to continue their involvement in this high performing primary industry sector.’

Meanwhile, NZ King Salmon, a major aquaculture company based in Malborough, has expressed interest in expanding into the Southland region of the country’s South island with a NZ$100 million investment that could create 150 jobs.

The company has been meeting with local government representatives to discuss this possible expansion, but progress is reported to be slow.

NZ King Salmon chief executive Grant Rosewarne said the company could make a major contribution to the economy of the area.