Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3424

Deal #3424 Version #60855

Sierra Leone
Created at
2013-03-22
Last update
2021-06-25
Last full update
2024-06-18

Land area

Intended size
20 980 ha
Size under contract (leased or purchased area)
  • [2011, current] 20980.0 ha
Comment on land area
In 2015 1,700ha under production between this plantation and the Ghana plantation. In its 2020 annual report, the company states that it intends to expand its operation

Intention of investment

Intention of investment
  • [current] Forest logging / management for wood and fiber

Nature of the deal

Nature of the deal
Concession

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)
Comment on negotiation status
The land is being leased under long-term agreements with landowners ratified by the chief's and government as legal custodians.

Implementation status

Implementation status
  • [2012] Startup phase (no production)
  • [2016, current] In operation (production)
Comment on implementation status
Sawmilling commences in 2016

Leasing fees

Annual leasing fee
2
$
per ha
Comment on leasing fee
Reviewed every 7 years. Taken from the lease contract.

Contract farming

Contract farming
No
Comment on contract farming
The land area has limited subsistence farming going on which is primarily centered around the low lying swampy areas for rice cultivation unsuitable for forestry. The Company works in ongoing consultation with local farmers and aims to bring additional benefit to such farmers through opening up swampy areas for rice cultivation and enabling controlled agro-forestry thus providing clear land for subsistence farming, mutual crop protection and keeping the land free of nutrient sapping undergrowth.