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

Deal #1467 Version #53834

Mali

Created at

2013-02-15

Last update

2020-08-11

Last full update

2024-04-18

Land area

Intended size

20 000 ha

Size under contract (leased or purchased area)

[2009, current] 20000.0 ha

Size in operation (production)

12000.0 ha
[2016, current] 7794.0 ha

Comment on land area

One source mentions that the agreement states 20 000ha will be granted but in 2013 only 3570ha had been granted and other proposed plots were too far away from the factory (Will Africa Feed China). 12000ha has been planted.

Intention of investment

[2009, current] Biomass for biofuels, Food crops, Renewable energy unspecified (20000.0 ha)

Nature of the deal

Lease

Negotiation status

[2009, current] Concluded (Contract signed)

Comment on negotiation status

renewable

Implementation status

[2012] Startup phase (no production)
[2013, 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 (#2190 and #1484). 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. The coup in Mali in 2012 delayed the construction and implementation of the project. Investor complaining that the land is not good quality.

Leasing fees

Annual leasing fee

382 747 500

CFA Franc BEAC

for specified area

Annual leasing fee area