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Deal #3479 Version #61477

Cambodia

Created at

2013-05-08

Last update

2014-08-06

Last full update

2023-06-20

Land area

Size under contract (leased or purchased area)

[2011, current] 6695.0 ha

Size in operation (production)

[2011, current] 1404.0 ha

Intention of investment

[current] Non-food agricultural commodities

Nature of the deal

Lease

Negotiation status

[2010, current] Concluded (Contract signed)

Implementation status

[current] In operation (production)

Comment on implementation status

Ministry permitted for land clearance zone 1: 1.100 hectares by letter 2421/255 KSK.NP.PK dated 26 April 2010. Ministry permitted for land clearance zone 2: 2.500 hectares by letter 204/044 KSK.NP.PK dated 12 January 2011. company is accused of illegal logging

Leasing fees

Comment on leasing fee

"Two villages were offered compensation by the company (at a rate of US$100 for every three hectares of lost cashew plantations), which people suspected was far below the market value, but accepted nonetheless, believing they had no choice" (Rubber Barons, p.26)