Tassal: proposing new limit at Macquarie Harbour

Company News

by Jessica Amir

Tassal Group Limited (ASX:TGR) has announced it is proposing a transition to the new biomass limit at Macquarie Harbour in Tasmania, without comprising the environment, fish welfare or community.

The salmon producer is proposing to pull forward its current stock of fish harvesting to December 2017, when the fish can be harvested (in line with RSPCA guidelines), and then taken to market.

Tassal says it entered its 2016 year fish into the Harbour when its biomass limit was 33.58 tonnes per hectare, which was in the compliance limit. However, the bring forward of fish harvesting will result in its proposed biomass limit being exceeded for eight months.

The company is in contact with the EPA regarding the trial.

Shares in Tassal Group Limited (ASX:TGR) opened 1.32% lower to $4.49
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.