Deal #3176

Location #1

Spatial accuracy level
Administrative region
Location
Milne Bay, Papua-Neuguinea

Target country
Papua New Guinea

Land area

Size under contract (leased or purchased area, in ha)
[2012] 13662
Size in operation (production, in ha)
[2012] 11968
[2013] 10730

Intention of investment

Intention of investment
Food crops
Comment on intention of investment
"New Britain Oils focuses on delivering segregated, traceable and certified sustainable food ingredients" (http://www.nbpol.com.pg/?page_id=83 )

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
part of the land is owned by smallholders (ca. 1700 ha)

Negotiation status

Negotiation status
Concluded (Contract signed)
Comment on negotiation status
no information on agreements on leases

Implementation status

Implementation status
In operation (production)
Comment on implementation status
the Milne Bay Estates were acquired by NBPOL in 2010

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
On leased / purchased area (in ha)
1852
On leased / purchased farmers
790

Operating company

Name of investment project
Milne Bay Estates
Comment on investment chain
until 2015, the company was a subsidiary of Kulim Berhad

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Date
2009-01-01

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2001-01-01

Data source #3

Data source type
Company sources
File
Date
2012-08-09

Data source #4

Data source type
Research Paper / Policy Report
File
Date
2010-01-01
Comment on data source
link: http://aciar.gov.au/publication/tr075

Data source #5

Data source type
Media report
File
Date
2014-11-05

Data source #6

Data source type
Company sources
File
Date
2012-01-01

Data source #7

Data source type
Company sources
File
Date
2013-12-31

Data source #8

Data source type
Company sources
File
Date
2015-01-01

Detailed crop, animal and mineral information

Crops area
Fruit (unspecified), Oil Palm

In country processing of produce

In country processing of produce
Yes

Feb. 1, 2016, 6:19 p.m.

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Feb. 1, 2016, 5:01 p.m.

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May 27, 2013, 7:45 p.m.

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March 12, 2013, 3:51 p.m.

active

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