Deal #3463 Version #61350

8800 hectare for company production and 6400ha for outgrower scheme. Another source mentions size is 8903,092 ha.

The company is entitled to sell the carbon rights.

Duration 25 years with an option for automatic extentsion for a futher ten years upon the company's request, granted that the company has kept its contractual obligations.

The company won the bid for the plantation in 2010 and was authorised to begin production from 2010, however the contract was only signed in 2011. US$ 64 million dollar investment- US$ 48 million for the development of the company plantation and US$15 million for the outgrower plantation.

This plantation was formerly state owned (production commencement date is unknown). The concession area was previously owned and managed by the Decoris Oil Palm Company (DOPC), however, in 1990, as a result of the Liberia's civil war, production and development of the plantation was abandoned. Sifca is planting palm-oil seeds on 15,000 hectares (37,000 acres) of land in south-eastern Liberia (2013).

The company will pay US $5.00 per hectare for developed land in the concession area. The company is taxed US $1.00 per acre for undeveloped land and US $2.00 per acre of developed land. Data obtained from a formal source (contract) Investor was required to pay a once-off leasing fee of US$ 3100000 in 2011.

Purchase price shall be the export sales price, depending on the grade of produce.