Deal #3008

Sierra Leone
Created at
2013-02-15
Last update
2024-04-15
Last full update
2022-09-07

Land area

Intended size
3 000 ha
Size under contract (leased or purchased area)
  • [2003-04] 1320 ha
  • [2013, current] 1845 ha
Size in operation (production)
  • [current] 1845 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
  • [2013, current] Biomass for biofuels, Food crops, Non-food agricultural commodities (1845 ha)
Comment on intention of investment
Ethanol, cassava and Sugarcane, rum

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Renewable lease.

Negotiation status

Negotiation status
  • [2003-04, 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 area
Annual leasing fee area
1 320 ha
Comment on leasing fee
Data comes from one data source (book)- not easily available.

Contract farming

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