Please note: you are viewing an old version of this deal. The current version can be found here: Deal #2236

Deal #2236 Version #57332

Gabon

Created at

2013-02-15

Last update

2014-03-05

Last full update

2021-04-28

Land area

Intended size

300 000 ha

Size under contract (leased or purchased area)

[current] 50000.0 ha

Comment on land area

in phase 1 only 50000 are cultivated, dans le cadre de la première phase de ce projet, 50 000 hectares de palmeraies doivent être plantés dans la région de Lambaréné, dans Moyen-Ogooué (Centre) Olam is planning to develop at least 180,000 hectares by 2018 or 2019, including 100,000 hectares of industrial palm oil plantations (in two phases) and up to 30,000 hectares of smallholder palm plantations and 50,000 hectares of rubber plantations.

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified

Comment on intention of investment

oil palm activities started in 2012. Rubber initiative announced in 2012.

Nature of the deal

Lease

Negotiation status

[current] Concluded (Contract signed)

Comment on negotiation status

Announced in 2010

Implementation status

[current] Startup phase (no production)

Comment on implementation status

planting palms is expected to commence in early 2012 and be completed by 2016. Clearing of secondary forest in the Kango plantation had taken place by the end of April 2012.

Leasing fees

Annual leasing fee

5 000

CFA Franc BCEAO

per ha

Comment on leasing fee

Olam claims that it will pay a lease rent of CFA Franc 5,000 (US$10) per hectare from the 17th year. The first 16 years are free.

Contract farming

Yes

On leased / purchased

Yes

On leased area/farmers/households

[current] 30000.0 ha