From The West Australian, June 22:
Iron ore miner Andrew Forrest has bought an almost $20 million stake in a Tasmania-based aquaculture company which plans to establish a 2200ha fish farm at the Abrolhos Islands.
The Forrest family’s holding company, Tattarang Agrifood, on Monday acquired a 7.33 per cent stake in Huon Aquaculture, which produced a $95.3 million loss for the six months to December last year because of the COVID-19 pandemic.
The company in February reported the start of the pandemic had coincided with a significant increase in production, the groundwork for which had been laid two years earlier.
The five-year capital investment program had been designed to modernise Huon’s infrastructure and increase production capacity to meet the expected growth in demand for the near future....
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