Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1467

Deal #1467 Version #53820

Mali
Created at
2013-02-15
Last update
2013-03-02
Last full update
2024-08-22

Land area

Size under contract (leased or purchased area)
  • [2009, current] 20000.0 ha

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops, Renewable energy unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2009, current] Concluded (Contract signed)
Comment on negotiation status
renewable

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
In 1996, the Malian government and the China Light Industrial Corporation for Foreign Economic and Technical Cooperation (CLETC) entered into a joint venture to establish the Mali Sugar Conglomerate, with CLETC holding 60% of the company and the government holding 40%. The Conglomerate took control of two sugar factories that had been built with Chinese assistance in the 1960s and 1970s and sugar-cane plantations on 5,700 ha. In 2009, the Malian government signed a deal with CLETC to establish a new sugar project, in which CLETC was given a 50-year renewable lease on 20,000 ha of lands in the Office du Niger for irrigated sugar-cane production.

Leasing fees

Annual leasing fee
382 747 500
CFA Franc BEAC
for specified area
Annual leasing fee area
20 000 ha
Comment on leasing fee
Annual rent of 382,747,500FCFA