Deal #3403

Location #1

Spatial accuracy level
Exact location
Location
Mengo, Congo

Latitude
-1.9854662
Longitude
15.004606500000023
Target country
Congo, Rep.
Comment on location
Same location as where its sister company has a potash mining permit (case #1160)

Land area

Intended size (in ha)
68000
Size under contract (leased or purchased area, in ha)
[2005] 68000

Intention of investment

Intention of investment
Timber plantation (for wood and fibre)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2005] Concluded (Contract signed)
Comment on negotiation status
50 year lease with option to renew for a further 21 years.

Implementation status

Implementation status
[2008] In operation (production)
Comment on implementation status
The company is now in full commercial operation after commissioning the chip mill in 2008

Contract #1

Duration of the agreement (in years)
50

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned employees (domestic)
300
Planned daily/seasonal workers (domestic)
1500

Operating company

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Research Paper / Policy Report
File
Comment on data source
Canada and the global land rush: Analysis of Canadian involvement in large - scale agricultural land acquisition in the Southern Hemisphere , April 2013, Jasmine Bélanger Gulick

Data source #3

Data source type
Research Paper / Policy Report
File
Comment on data source
German Investment Funds involved in Land Grabbing. Fian, 2010

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
The land was taken over from Shell Oil

Former land use

Former land use
Forestry
Comment on former land use
Shell Oil planted the trees in the 1980's.

Former land cover

Former land cover
Forest land

Detailed crop, animal and mineral information

Crops area
Eucalyptus

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Timber and wood chips

Overall comment

Overall comment
Same location as the mining permit for its sister company

Nov. 27, 2018, 12:50 p.m.

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Nov. 21, 2016, 12:31 p.m.

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April 4, 2014, 4:34 p.m.

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April 2, 2014, 3:56 p.m.

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March 16, 2013, 9:36 a.m.

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