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Lima 13, Norway, Oct 29, 2007 - (Hugin via ABN Newswire) - On 26 October 2007, PRODUCE, the Peruvian Ministry of Production's Fishing Vice Ministry, entity that executes and directs the sector policies to guarantee the rational management of fishing resources and the preservation of the environment, issued resolution 327-2007 authorizing the start of the second fishing season in Peru.
IMARPE (Instituto del Mar Peruano), the scientific entity that studies sea biomass in Peru, estimates in a report dated 12 October 2007 the current biomass to be at around 7.7 million tons.
IMARPE further recommends that the fishing season could start as early as the second week of November 2007 with a quota of 2 million tons, to be distributed in two periods.
Based on this report PRODUCE authorizes the anchovy fishing season to begin on 17 November at 0:00 hours.
The quota will be distributed as follows:
a) From 17 November to 30 November - up to 1 000 000 tons b) From 6 December - up to 1 000 000 tons
If in period (a) the capture exceeds the allowed quota, the excess will be taken off the second period quota.
The list of all vessels currently authorized to catch anchovy in the following fishing season, can be found via PRODUCE's portal; www.produce.gob.pe
For further information, please contact: CEO Samuel Dyer, sdyerc@copeinca.com.pe tel. +511213-4000 CFO Eduardo Castro Mendivil, ecastromendi@copeinca.com.pe tel.+511 213-4000
About Copeinca ASA Copeinca is one of the largest fishmeal and fish oil producers in Peru. The company produces its fishmeal and fish oil from anchovy harvested off the coast of Peru. The majority of its production is exported. Key countries for export are China, Japan, Germany, Canada, Chile and Denmark. Typical customers are producers of fish feed and animal feed. Copeinca runs its operations out of Lima and has its fleet. The industry is going through a consolidation process for which after recent acquisitions, Copeinca will have 12 plants located in strategic locations all around the Peruvian coast line. The company has around 2,000 part and full time employees.
Please visit www.copeinca.com
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