Following the press release of 21 July 2015 regarding the future of the Rupert’s Cold Storage & Fish Processing Plant – which called for EOIs for its continued operation – the multi-stakeholder working group has implemented an interim proposal for the plant to continue to support the fishing industry.

After the withdrawal of the existing operator, Argos, on Saturday 31 October 2015, the facility will be operated by St Helena Fisheries Corporation (SHFC) for an interim period of around 18 months.  Argos staff members will be employed by SHFC in order to ensure a smooth transition.

Nautilus Consultants in the UK (Natural Resource Economists) has provided professional advice and guidance to the working group in consultation with Island stakeholders on options for the continued operation of the facility.  The consultants’ final report on options is expected to be delivered in the next few weeks, following which the working group will recommend to SHG a preferred format and way forward for a new operating entity.

SHG remains open to exploring options with local and international businesses with relevant experience who may wish to be considered for the future operation of the facility from a private investment perspective.  Consideration will also be given to the establishment of a multi-stakeholder company.

SHG

26 October 2015

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