Deal #3424

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

Land area

Intended size
20 980 ha
Size under contract (leased or purchased area)
  • [2011-12-29, current] 20980 ha
Size in operation (production)
  • [2017, current] 10000 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. Company history on the website states "Plantation Area Established Exceeds 10,000ha" in 2017. The company is looking to expand the area in operation (2021 annual report). According to the Company Linkedin account pay ,the Company’s Yoni Plantation in Sierra Leone consists of over 21,000 hectares of land

Intention of investment

Intention of investment
  • [2011-12-29, current] Forest logging / management for wood and fiber (20980 ha)
Comment on intention of investment
The Company is growing short-rotation species including Eucalyptus and Acacia. Plantations were established in community-owned land, leased to the Company with the approval of the Government.

Carbon offset project

Carbon offset project
Yes
Comment on carbon offset project
Generating carbon offset credits

Nature of the deal

Nature of the deal
Concession

Negotiation status

Negotiation status
  • [2011-12-29, 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. Plantations are being established in community-owned land, leased to the Company with the approval of the Government

Implementation status

Implementation status
  • [2012] Startup phase (no production)
  • [2016] In operation (production)
  • [2021, current] In operation (production)
Comment on implementation status
Sawmilling commences in 2016. Still in operation in 2021.

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
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 200 ha
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. But this is not considered contract faming because it is for subsitence farming and not contract farming (company does not buy it). Miro has rolled out a smallholder pilot project. To date over 200 ha of smallholder plots have been planted with trees. The model varies but involves inter-cropping with food crops for two years, followed by pruning for sustainable charcoal production or other utilisable timber, followed by harvest and guaranteed purchase by Miro. This has been a very successful initiative impacting a wide range of people with a focus on targeting women and non-landowners. The company does however buy cut logs from smallholder farmers- with a focus on women farmers. At this stage the total number of farmers/ area is unclear (2022).