Deal #1393

Land area

Intended size

24 079 ha

Size under contract (leased or purchased area)

[2013] 24079.0 ha
[2014, current] 13962.0 ha

Size in operation (production)

[2012] 1200.0 ha
[2014, current] 5600.0 ha

Comment on land area

Allocation 13,962ha, expansion area 10,117ha, outgrower allocation 10,117ha The community won the protest to prevent the company from expanding its plantations in May 2014. This includes the retreat of the company from community land. However, the company is still demarcating planting blocks on community land (June 2014), without the consent from the community and in violation of international human rights law. Other data sources claim that the company has over 34 393ha at Palm Bay (this includes the outgrower section). There are claims that the company owns a total of 169000 hectares in Liberia (see also #3461 and #1395).

Intention of investment

[current] Agriculture unspecified

Nature of the deal

Lease

Comment on nature of the deal

50years total: 7 years rehabilitation, 43 years regular

Negotiation status

[2008, current] Concluded (Contract signed)

Comment on negotiation status

Initial contract signed in 1965. The initial contract was signed with Liberian Operations Inc in 2007, however EPO acquired Liberian Operations Inc in January 2008.

Implementation status

[2012, current] In operation (production)

Comment on implementation status

Started by Getty Oil (Liberian Operations Inc) in 1968

Leasing fees

Annual leasing fee

2

$

per ha

Comment on leasing fee

US$1.00/yr/developed ha, US$0.50/yr/undeveloped ha during rehabilitiation term (7 yrs). US$2.00/yr/developed ha, US$1.00/yr/undeveloped ha during regular term (43 yrs) In the period 1 July 2010 - 30 June 2011 the company paid US$23,177 for surface rental (=US$0.65/ha)

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 10117.0 ha