Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1159
Deal #1159 Version #51549
Cameroon
Created at
2013-08-16
Last update
2013-08-16
Last full update
2024-04-09
Land area
Intended size
100 000 ha
Size under contract (leased or purchased area)
- [2009, current] 73086.0 ha
Intention of investment
Intention of investment
- [current] Agriculture unspecified
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2009, current] Concluded (Contract signed)
Implementation status
Implementation status
- [2011, current] Startup phase (no production)
Comment on implementation status
Nursery set up and clearing of forest started.
The operations have been suspended in 2013 after fierce criticism and protest from the local population and civil society.
Leasing fees
Comment on leasing fee
The only payment required under the oil palm concession
agreement between Herakles and the Cameroonian government is an annual ‘area rent’, which will provide just
US$66,000 a year to the government once all of the land is planted.