Deal #2006

Location #1

Spatial accuracy level
Administrative region
Location
Bas Congo, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.

Land area

Intended size (in ha)
100000
Size under contract (leased or purchased area, in ha)
[2010] 10000
Size in operation (production, in ha)
[2011] 1200
Comment on land area
Another source states 20 000 ha.

Intention of investment

Intention of investment
Food crops

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2010] Concluded (Contract signed)

Implementation status

Implementation status
[2010] Startup phase (no production)
[2011] In operation (production)
Comment on implementation status
The Company has been undertaking a program of trial plantings of rice and bean crops since 2011, which have been sold commercially.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
25

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
4300

Operating company

Operating company
Name of investment project
Arable Farming Operations
Comment on investment chain
Feronia PEK sprl is 80% owned by Feronia JCA (incorporated in the Cayman Islands, a wholly owned subsidiary of Feronia Inc).

 

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Data source #1

Data source type
Media report
File
Date
2009-09-03
Comment on data source
Farmland Grab- Trinorth acquires Unilever's palm oil plantations in DRC

Data source #2

Data source type
Company sources
File
Comment on data source
Phatisa website

Data source #3

Data source type
Company sources
File
Comment on data source
Phatisa website

Data source #4

Data source type
Company sources
File
Comment on data source
Feronia- Management presentation 2012

Data source #5

Data source type
Research Paper / Policy Report
File
Comment on data source
Canada and the global land rush: Analysis of Canadian involvement in large-scale agricultural land acquisition in the Southern Hemisphere, April 2013

Data source #6

Data source type
Company sources
File
Comment on data source
Feronia Website- Arable farming

Data source #7

Data source type
Company sources
File
Comment on data source
Consolidated Financial Statements, December 31, 2014 and 2013

Data source #8

Data source type
Research Paper / Policy Report
File
Date
2016-02-08
Comment on data source
Hallgarten & Company- Feronia

Data source #9

Data source type
Media report
File
Date
2017-11-02
Comment on data source
Communiqué de RIAO-RDC: Menaces dans les exploitations de Feronia

Data source #10

Data source type
Research Paper / Policy Report
File
Comment on data source
The global farmland grab in 2016- how big, how bad?

Consultation of local community

Comment on consultation of local community
In late October/early November representatives from the company visited the local communities and heard their concerns.

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Purchased shares in the project from PEK Sprl in 2010.

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Bean, Fruit (unspecified), Grains (unspecified), Oil Palm, Rice, Vegetables (unspecified)

Use of produce

Has domestic use
Yes
Domestic use
100
Comment on use of produce
In 2014, all produce was sold to one customer. Produce is sold directly from the mill to customers.

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Mill, drying and storage facilities. Production highly automated. Paddy rice is transferred from the farm to the main rice mill, where it is processed.

Overall comment

Overall comment
Feronia purchased shares in the project from PEK Sprl in 2010.

March 14, 2018, 3:16 p.m.

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Nov. 3, 2017, 3:32 p.m.

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Feb. 27, 2017, 3:37 p.m.

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Nov. 4, 2015, 9:06 a.m.

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July 16, 2015, 2:57 p.m.

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Oct. 30, 2014, 3:37 p.m.

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Aug. 15, 2014, 11:55 a.m.

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May 8, 2013, 3:08 p.m.

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May 8, 2013, 3:07 p.m.

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Feb. 26, 2013, 8:48 p.m.

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Feb. 26, 2013, 11:41 a.m.

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Feb. 26, 2013, 11:36 a.m.

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Feb. 15, 2013, 5:03 p.m.

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