Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1817

Deal #1817 Version #55633

Sierra Leone
Created at
2013-02-15
Last update
2020-06-23
Last full update
2024-05-27

Land area

Intended size
5 058 ha
Size under contract (leased or purchased area)
  • [2011] 800.0 ha
  • [2019, current] 11339.0 ha
Size in operation (production)
  • [2019, current] 2424.0 ha
Comment on land area
30,000ha smallholder oil palm planting, 800 ha plantation. The company has committed $18.3 million to expanding its existing operations. $3.3 million to meet current expenditure and mitigate the economic impact of Ebola. The remaining $15 million will fund an expansion programme- extending the company’s plantations, doubling the size of its dedicated palm oil mill and building a tank farm. The company aims to have 5058ha under production by 2020. Grain report claims the concession size is 11339 ha with 2,424ha under oil palm plantations.

Intention of investment

Intention of investment
  • [current] Agriculture unspecified

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Project will be implementation over ten years (it is not clear whether this is the lease period).

Negotiation status

Negotiation status
  • [2011, current] Intended (Memorandum of understanding)
Comment on negotiation status
MoU signed with SL government

Implementation status

Implementation status
  • [2013, current] In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • 30000.0 ha 9000
  • [2019, current] 10000
Comment on contract farming
Contract states estimated number of contract farmers are 8000 however other company records and research reports state 9000 farmers. Following the merger,Goldtree supports close to 10,000 outgrowers who own their land and care for their oil palms.