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Deal #168 Version #45042

Indonesia

Created at

2013-02-15

Last update

2020-12-28

Last full update

2021-04-29

Land area

Intended size

10 000 ha

Size under contract (leased or purchased area)

[current] 63441.0 ha

Size in operation (production)

[current] 24682.0 ha

Comment on land area

*Company's concession area is 63,441 ha, of which 24,682 ha (or about 39% of the total concession area) is planted land. About 47% of the total cultivated land is productive. The remaining areas that have not yet been planted are land reserves that have the prospect of being developed by the Company and Subsidiaries. Company Source in 2015: Total landbank licensed / owned 46,520.52 ha; Total landbank for palm oil cultivation 18,542.35 ha; Total land managed for conservation that is set aside including HCV area 197.04 ha

Intention of investment

[current] Biomass for biofuels, Food crops, Non-food agricultural commodities

Nature of the deal

Concession

Comment on nature of the deal

*The Company owns nine oil palm plantations, located in South Kalimantan, Central Kalimantan, West Kalimantan, Riau, South Sumatra and Jambi with a concession area of 63,441 ha.

Negotiation status

[2011, current] Concluded (Contract signed)

Comment on negotiation status

In 2014: Licensing is still in a preliminary state in some plantations In 2018: date of first planned RSPO P&C certification (but Bumi Raya Investindo has been an RSPO member only between 2014 and 2018)

Implementation status

[1993, current] In operation (production)

Comment on implementation status

*The company is engaged in oil palm plantations located in South Kalimantan carrying out its operational activities since 1993. The Bumiraya factory has been operating since the first quarter of 2013. *January 31, 2020, the company has been declared insolvency. (*GFW DATA: 36/HGU/BPN/2000?)