Deal history comparison #3706

Previous version (124241)

Selected version (125464)

Location #1

Spatial accuracy level
Administrative region
Location
Gazelle Peninsula, Papua-Neuguinea

Target country
Papua New Guinea

Location #1

Spatial accuracy level
Administrative region
Location
Gazelle Peninsula, Papua-Neuguinea

Target country
Papua New Guinea

Land area

Size under contract (leased or purchased area, in ha)
[2010] 53480

Intention of investment

Intention of investment
Agriculture unspecified, Timber plantation (for wood and fibre)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
subleased to secondary investor (for 60 years)

Negotiation status

Negotiation status
[2010] Concluded (Contract signed)
Comment on negotiation status
2 different SABLs

Implementation status

Implementation status
[2010] In operation (production)

Land area

Size under contract (leased or purchased area, in ha)
[2010] 53480

Intention of investment

Intention of investment
Agriculture unspecified, Timber plantation (for wood and fibre)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
subleased to secondary investor (for 60 years) the SABL (Special Agriculture and Business Lease) was gazetted after an FCA had been granted over the same area. In January 2008, an FCA over an area of 30 830 hectares in East New Britain Province was granted to Toriu Timber Ltd for development of the ‘Inland Lassul Baining Integrated Agriculture Project’, and more than two years later, in February 2010, two SABLs over a combined area of 53 480 hectares, apparently including the area covered by the FCA, were simultaneously issued to a company called Tiriu Timbers Ltd for a period of 99 years. In this instance, it seems that the SABLs and the FCA are held by a single landowner company which is registered with PNG’s Investment Promotion Authority as Toriu Timbers Ltd. A logging company called KK Connections Ltd has been helping to clear the forest since the FCA was granted to this landowner company.

Negotiation status

Negotiation status
[2010] Concluded (Contract signed)
Comment on negotiation status
2 different SABLs

Implementation status

Implementation status
[2010] In operation (production)

Contract #1

Contract date
2010-02-26
Duration of the agreement (in years)
99

Contract #1

Contract date
2010-02-26
Duration of the agreement (in years)
99

Operating company

Operating company
Name of investment project
Inland Lassul Baining Integrated Agriculture Project
Comment on investment chain
landowner company

Operating company

Operating company
Name of investment project
Inland Lassul Baining Integrated Agriculture Project
Comment on investment chain
landowner company

Data source #1

Data source type
Research Paper / Policy Report
File
Date
2012-08-01

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2011-09-01

Data source #3

Data source type
Government sources
File
Date
2011-09-23

Data source #4

Data source type
Government sources
File
Date
2011-10-28

Data source #5

Data source type
Government sources
File
Date
2011-10-25

Data source #6

Data source type
Media report
File
Date
2011-11-14

Data source #7

Data source type
Media report
File
Date
2012-06-01

Data source #1

Data source type
Research Paper / Policy Report
File
Date
2012-08-01

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2011-09-01

Data source #3

Data source type
Government sources
File
Date
2011-09-23

Data source #4

Data source type
Government sources
File
Date
2011-10-28

Data source #5

Data source type
Government sources
File
Date
2011-10-25

Data source #6

Data source type
Media report
File
Date
2011-11-14

Data source #7

Data source type
Media report
File
Date
2012-06-01

Consultation of local community

Community consultation
Limited consultation

How did the community react?

Community reaction
Mixed reaction
Comment on community reaction
"no full consent of the landowners"

Consultation of local community

Community consultation
Limited consultation

How did the community react?

Community reaction
Mixed reaction
Comment on community reaction
"no full consent of the landowners"

Former land owner (not by constitution)

Former land owner
Community

Former land owner (not by constitution)

Former land owner
Community

Detailed crop, animal and mineral information

Crops area
Cacao, Coconut, Oil Palm

Use of produce

Has export
Yes

Detailed crop, animal and mineral information

Crops area
Cacao, Coconut, Oil Palm

Use of produce

Has export
Yes