A West Australian seafood company makes a multi-million-dollar splash into the Northern Territory's commercial barramundi industry, buying more than 70 per cent of the NT's barramundi licences.
A seafood company has made a multi-million-dollar splash into the Northern Territory's commercial barramundi industry, buying more than 70 per cent of the NT's barramundi licences.Within 12 months, Wild Barra Fisheries has snapped up more than 70 per cent of the NT's barramundi licences
Wild Barra Fisheries is based in Western Australia and was only registered in May last year, but has quickly swooped on investment opportunities in the north. Now in control of eight barramundi licences, the company is the major stakeholder in a fishery that catches between 300 and 600 tonnes of fish annually depending on the season.
"And the fishery itself is in a healthy spot. Between the commercial and recreational sectors only about 4 per cent of the biomass of the fish is accessed, so ecologically it's quite strong."A significant investment "There is an opportunity to improve the practices and the reputation of the NT Barramundi Fishery, in a way that encourages community support and financial viability."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The NT has clinically eradicated coronavirus again. Could it now help overseas Aussies get home?The Northern Territory is once again declared clinically COVID-free as the Health Minister ponders whether the Howard Springs quarantine facility could be used to repatriate Australians stranded overseas due to coronavirus.
Read more »
Microsoft's offer to buy TikTok rejectedTechnology giant Oracle is in the box seat to buy TikTok after Microsoft's offer to buy the viral social media platform's US operations was rejected by its Chinese parent company ByteDance | carawaters
Read more »
Men fined for driving beyond 5km to buy burgersTwo men have been fined a whopping $3304 for eating burgers because police in Victoria weren’t happy with their choice of fast-food outlet.
Read more »
Coronavirus Australia: Melbournians escape virus-riddled city by moving to countrysideMelburnians are taking extreme measures to escape the city’s stage four lockdown by upping and moving to the countryside, which has recorded far fewer cases of coronavirus.
Read more »
Rio Tinto board must admit mistakes to rebuild standingEditorial: The world's second-biggest mining company can look to its own past for a way forward
Read more »
The NT has clinically eradicated coronavirus again. Could it now help overseas Aussies get home?The Northern Territory is once again declared clinically COVID-free as the Health Minister ponders whether the Howard Springs quarantine facility could be used to repatriate Australians stranded overseas due to coronavirus.
Read more »