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

Deal #1467 Version #53824

Mali

Created at

2013-02-15

Last update

2014-11-13

Last full update

2024-08-22

Land area

Size under contract (leased or purchased area)

[2009, current] 20000.0 ha

Intention of investment

[current] Biomass for biofuels, Food crops, Renewable energy unspecified

Nature of the deal

Lease

Negotiation status

[2009, current] Concluded (Contract signed)

Comment on negotiation status

renewable

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