17th October 2005
Totaranui Ltd and NZ King Salmon partner Salmon Farm Development
An important Agreement was signed today in the Marlborough Sounds between The New Zealand King Salmon Co Ltd and
Totaranui Limited, a subsidiary of local iwi, Te Atiawa Manawhenua Ki Te Tau Ihu Trust.
This is the first occasion that Māori have entered directly into the management of marine based salmon farming in New
The agreement was signed at the location of the jointly owned Clay Point Marine licence in Tory Channel and provides for
the development in partnership of the site as a key Salmon farm operation for both parties.
This is an important development for NZ King Salmon, commented Chief Executive, Paul Steere. “We have been working
closely with the Te Atiawa Trust since the licence was first granted some years ago. In recognising their kaitiakitanga
(guardianship) over the area, the licence is jointly held and we have now completed the trial and evaluation work needed
to look to commission the site.
“The site itself with its fast flowing cool waters provides excellent grow-out conditions to support the growing need
for year round salmon supply with very low environmental impact. Yet those same conditions have meant a new approach to
mooring and husbandry was required. We are now confident we can invest in this location for optimum salmon performance.
“It will not only provide increased flexibility but also add supply for the growth in demand we have been seeing over
the last year, particularly for the NZ market and Australia.”
The new agreement with Te Atiawa’s marine operations company, Totaranui Limited, provides for a staged development at
Clay Point to ensure the economic and environmental sustainability of this site and then proceed to the joint management
of the harvested product.
“We believe Totaranui can provide valuable input and resources for this development and the subsequent marketing into
new niche opportunities.”
“We can now proceed to the final submissions to the Marlborough District Council, though we still have to await a
promised Government correction to the Aquaculture Law Reform legislation which by a technical oversight impeded use of
this licence,” said Mr Steere.
Richard Paine, a Director of Totaranui Limited, who has worked closely with NZ King Salmon on this venture noted: “Te
Atiawa rohe is a rich source of kaimoana which is a significant taonga for the Iwi, in both a customary and commercial
sense. Sadly it is not as plentiful as days gone.
“This initiative provides the opportunity for valuable new bounty within our rohe and we are pleased to be aligned with
a proven performer that shares strong environmental values, brings significant technical expertise of integrated salmon
production and can utilise our own resources as a partner.”
It is hoped that the first salmon smolt will be introduced from the 2006 brood in November 2006.