Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3008
Deal #3008 Version #58217
Sierra Leone
Created at
2013-02-15
Last update
2016-12-07
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
Comment on nature of the deal
Renewable 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. After the civil war in 2002, Complant was one of the first companies to return to the country. Complant was managing the complex since 1982 (not owning). In 2003 the company secured a renewable lease.
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 areaAnnual leasing fee area
1 320 ha
Contract farming
Contract farming
Yes
Not on leased / purchased (out-grower)
Yes