Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3008

Deal #3008 Version #58215

Sierra Leone
Created at
2013-02-15
Last update
2016-05-27
Last full update
2022-09-07

Land area

Intended size
3 000 ha
Size under contract (leased or purchased area)
  • [2003] 1320.0 ha
  • [2013, current] 1845.0 ha
Size in operation (production)
  • [current] 1845.0 ha
Comment on land area
Area for expansion. Not clear what original size of the estate is. In 2006, announced plans to expand to 8100 hectares to begin the production of cassava- could not find anymore data to substantiate that the land was obtained. Another source states size under contract is 1845ha, while another states 1280ha.

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops, Renewable energy unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2003, current] Concluded (Contract signed)
Comment on negotiation status
The Chinese government recommended COMPLANT in 2003 to rehabilitate the Magbass sugar company.

Implementation status

Implementation status
  • [2005, current] In operation (production)
Comment on implementation status
The initial operations were halted in 1990 due to the civil unrest. Restarted in 2005.

Leasing fees

Annual leasing fee
185 000
$
for specified area
Annual leasing fee area
1 320 ha

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes