Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1396
Deal #1396 Version #53342
Liberia
Created at
2013-02-15
Last update
2015-07-24
Last full update
2024-04-29
Land area
Intended size
363 354 ha
Size under contract (leased or purchased area)
- [2010] 220000.0 ha
- [2014, current] 233354.0 ha
Size in operation (production)
- [2015, current] 3000.0 ha
Comment on land area
In 2010: concession area 350,000ha of which 220,000ha can be planted plus 40,000ha for outgrowers.
Conflicting information over hectares obtained- Ecofys report states 240 000 hectares. Farmland grab articles state 260 000ha. The company signed an MOU for an additional 13354ha in 2014 from community members.
Intention of investment
Intention of investment
- [current] Biomass for biofuels, Food crops, For carbon sequestration/REDD
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2010, current] Concluded (Contract signed)
Comment on negotiation status
Option to extend lease to 99 years. The company forced the community to sign four additional MOU's in 2014 during the Ebola outbreak, once community leaders would not attend meetings due to Ebola. The community members signed but do not know what the MOU states.
Implementation status
Implementation status
- [2015, current] Startup phase (no production)
Comment on implementation status
Land clearance first commenced in December 2010 and accelerated in September 2011, before being halted by
a December 2012 freeze on plantation expansion requested by the RSPO in response to community complaints.
Plantation expansion re-commenced during 2013 and 2014, in Sinoe and Grand Kru counties. It is estimated that around 3000 hectares have been cleared to date. The community claims that the company used the Ebola outbreak to clear more land, as community leaders were dealing with the Ebola outbreak.
Leasing fees
Annual leasing fee
5
$
per haComment on leasing fee
US$5.00/yr/dev ha, US$1.25/yr/undev ha (10yrs), US$2.50/yr/undev ha (55yrs). To be reviewed every 5 years but not to increase more than 20%
Contract farming
Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
- [current] 40000.0 ha