NZ King Salmon wins consent for Cook Strait development
Marlborough District Council grants 35-year term, with conditions, for 'Blue Endeavour' operation.
The open ocean site will overcome the disadvantage of warming seas at NZ King Salmon’s existing sites in the Marlborough Sounds.
Plans by NZX-listed NZ King Salmon for an open ocean salmon farm in the Cook Strait have won resource consent from Marlborough District Council after a three-year process.
After a short trading halt as the news emerged, shares in NZ King Salmon rose 11% to 25c, valuing the company at $135 million.
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