Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3005

Deal #3005 Version #58175

Sierra Leone
Created at
2013-02-15
Last update
2013-11-01
Last full update
2021-03-25

Land area

Intended size
46 000 ha
Size under contract (leased or purchased area)
  • [2011, current] 41582.0 ha
Comment on land area
diverging information: according to an interview (OI) 43,000 ha + “maybe” seeking more land”; 46,000 ha according to one investor's website; Size under contract: "Who is benefitting?" Sierra Leone Report (2013)

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops
Comment on intention of investment
diverging information: Palm oil plantation for comestible oil for local market/for agrofuels and soap

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Oral Agreement)
Comment on negotiation status
the company negotiated its lease directly with chiefs and landowners, with possible renewal every 21 years

Implementation status

Implementation status
  • [current] Project abandoned
Comment on implementation status
The project has been taken over by Biopalm Energy Limited (SIVA group) case #2372.

Leasing fees

Annual leasing fee
2
$
per ha
Comment on leasing fee
US$2 per hectare per year; 5 per cent of net profit to be paid each year to community development fund