Deal #3450

Location #1

Spatial accuracy level
Administrative region
Location
Grand Gedeh, Liberia

Target country
Liberia
Comment on location
Tappita, B'Hai, Gbarson, Nloweh in Grand Gedeh,

Location #2

Spatial accuracy level
Administrative region
Location
River Cess, Liberia

Target country
Liberia
Comment on location
Nimba and River Cess counties

Land area

Intended size (in ha)
266910.0
Size under contract (leased or purchased area, in ha)
[2009] 266910

Intention of investment

Intention of investment
[2009] Timber plantation (for wood and fibre)

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Forest Management Contract

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)
Comment on negotiation status
contract number FMC-K. Contract expires 2034/09/16.

Implementation status

Implementation status
In operation (production)
Comment on implementation status
The company failed to commence full scale logging activities and to pay its taxes due to a lack of financial capacity. In early 2014, ICC entered into an agreement with Forest Venture for them to log the concession on ICC’s behalf after persistent warning from the FDA that the concession would be cancelled if ICC failed to commence logging activities.

Leasing fees

Annual leasing fee
10.55
Annual leasing fee currency
US Dollar ($)
Annual leasing fee type
per ha
Comment on leasing fees
US$10.55/year/ha No rental fees were paid for the period 1 July 2010 - 30 June 2011. In 2014 ICC was in arrears totalling over $8 million United States Dollars including Land Rental Fees.

Contract farming

Contract farming
No

Contract #1

Contract date
2009-09-17
Contract expiration date
2034-09-16
Duration of the agreement (in years)
25

Operating company

Comment on investment chain
Contract holder: International Consultant Capital, Operator: Forest Venture. The company failed to commence full scale logging activities and to pay its taxes due to a lack of financial capacity. In early 2014, ICC entered into an agreement with Forest Venture for them to log the concession on ICC’s behalf after persistent warning from the FDA that the concession would be cancelled if ICC failed to commence logging activities .

 

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Data source #1

Data source type
Contract
File
Publication title
AN ACT TO RATIFY THE FOREST MANAGEMENT CONTRACT AREA "K" IN NIMBA, GRAND GEDEH & RIVERCESS COUNTIES BETWEEN THE REPUBLIC OF LIBERIA REPRESENTED BY THE FDA AND INTERNATIONAL CONSULTANT CAPITAL (ICC)
Date
2009
Open Contracting ID
ocds-591adf-1721113775

Data source #2

Data source type
Government sources
File
Comment on data source
Leiti 4th Reconciliation Report

Data source #3

Data source type
Research Paper / Policy Report
File
Comment on data source
Echo Vol2 No 3, August 2009

Data source #4

Data source type
Other (Please specify in comment field)
File
Comment on data source
LEITI Companies Database

Data source #5

Data source type
Research Paper / Policy Report
File
Comment on data source
Global Witness- Holding the Line? February 2013.

Data source #6

Data source type
Other (Please specify in comment field)
File
Date
2014

Data source #7

Data source type
Other (Please specify in comment field)
File
Publication title
Social agreement between International Consultant Company and Community Forest Development Committee and Forest Management Contracts (Area K)
Date
2016
Open Contracting ID
ocds-591adf-6794409412
Comment on data source
Social agreement with affected communities

Data source #8

Data source type
Media report
File
Publication title
Gbi-Doru Residents Hail ICC, Forest Venture
Date
2019
Comment on data source
Materialized benefits for local communities

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
A new social agreement was signed in 2016 for another 5 years. The company agrees to pay US$1.50 per cubic meter to CFDC and US$2.50 per hectare every year to the community benefit sharing scheme.

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Capacity Building
Comment on promised benefits for local communities
ICC agreed to participate in community development programs such as human resource development, construction of school and clinics. The company promised to build and maintained roads, hand pumps every year, provide US$5000.00 every year for human resource capacity for the citizens of the affected community.

Materialized benefits for local communities

Materialized benefits for local communities
Health
Education
Productive infrastructure (e.g. irrigation, tractors, machinery...)
Roads
Other
Comment on materialized benefits for local communities
Before 2014, ICC had not delivered on the promised made in the first social agreement. After partnering with Forest Ventures, In 2019 ICC had constructed and dedicated a modern school building in Tiah. The rehabilitation of about 135km roads. Have spent US$18, 000 every year for scholarship to students from the three counties. Completed two clinics in Nimba. Constructed over 26 wells and hand pumps in the three counties. Other benefits include building three guest houses in the area.

Detailed crop, animal and mineral information

Crops area
Trees (unspecified)

Nov. 26, 2019, 2:47 p.m.

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Nov. 11, 2019, 11:22 a.m.

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March 19, 2019, 2:21 p.m.

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April 13, 2017, 7:13 p.m.

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April 13, 2017, 2:34 p.m.

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April 13, 2017, 2:04 p.m.

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April 11, 2017, 7:42 p.m.

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Dec. 1, 2016, 3:30 p.m.

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July 11, 2013, 3:01 p.m.

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June 3, 2013, 12:13 p.m.

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April 18, 2013, 4:20 p.m.

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March 25, 2013, 9:27 a.m.

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