Fisheries and Aquaculture
January 19, 2007

Hagfish Resource Studies Underway in NAFO Regions 3O and 3Ps

In partnership with the Canadian Centre for Fisheries Innovation (CCFI), and through collaboration with other industry representatives, the provincial government is supporting hagfish resource studies in Northwest Atlantic Fisheries Organization (NAFO) regions 3O and 3Ps.

This is part of a $140,313 contribution that government has provided to CCFI for various fisheries and aquaculture development projects.

�Markets for hagfish exist in Asia,� said the Honourable Tom Rideout, Minister of Fisheries and Aquaculture. �This species is used in numerous products, and the skin is used in the leather industry. Therefore, a significant hagfish resource in the waters surrounding Newfoundland and Labrador could be extremely beneficial. This project will delineate and quantify areas of hagfish abundance in 3Ps and 3O, and we are very pleased to be supporting this initiative.�

This funding has been made available through the department�s Fisheries Development Program. Funds under this program are used to undertake exploratory resource surveys, examine and introduce new fishing and processing technologies, and undertake product developmental activities aimed at diversifying and strengthening the fishing industry. In Budget 2006, an additional $250,000 was committed to this program for each of the next five years. The total investment each year will be $700,000.

Funding to the tune of $32,248 has been made available, with $15,688 allocated for the study in region 3O and $16,560 allotted for the survey in 3Ps. These projects are part of a five year study to determine the extent of the hagfish resource in these areas.

CCFI, which has been involved in earlier projects on experimental fisheries, is eager to begin these initiatives. Cathie Horan, acting managing director of CCFI, said, �This agreement pulls together our experienced scientific resources, the industry�s market savvy and practical know-how, and the government�s strategic vision to produce a very effective partnership. We are very thankful to the Department of Fisheries and Aquaculture for participating in this initiative and we share their optimism for an economically fruitful outcome.�

�Any potential for the development of commercial and recreational fisheries off the coast of Newfoundland and Labrador is worth pursuing,� said Minister Rideout. �Resource exploration initiatives will assist in achieving these new opportunities within the fishing sector. Our fishing industry is currently undergoing dramatic changes, and the exploration of new developments and opportunities could certainly prove to be rewarding.

�Our government is committed to strengthening the fishing industry in this province, and we will continue to contribute to initiatives that have this goal in mind.�

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Media contact:
Lori Lee Oates
Director of Communications
Department of Fisheries and Aquaculture
709-729-3733, 690-8403
oatesll@gov.nl.ca

2007 01 19                                                2:20 p.m.


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