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

Deal #2236 Version #57367

Gabon
Created at
2013-02-15
Last update
2021-04-30
Last full update
2021-04-28

Land area

Intended size
20 030 ha
Size under contract (leased or purchased area)
  • [2010, current] 20030.0 ha
Size in operation (production)
  • [2019, current] 6822.0 ha
Comment on land area
Original area dedicated to HCV forest and buffer zone- 12 482ha. In 2016 Olam Palm purchased the Makouke Estates from SIAT, as well as the Bindo Estate, and added to the Awala Plantation. These estates are captured separately in deal 7624.

Intention of investment

Intention of investment
  • [current] Agriculture unspecified, Conservation

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
A planned sale and lease back construction with YCAP was never completed.

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2012] Startup phase (no production)
  • [2012, current] In operation (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. Another data sources mentions planting started in 2011.

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. (company source)