Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3795

Deal #3795 Version #63711

Congo, Rep.

Created at

2013-06-04

Last update

2013-06-04

Last full update

2024-04-05

Land area

Intended size

1 400 000 ha

Size under contract (leased or purchased area)

[2011, current] 14000000.0 ha

Intention of investment

[current] Timber plantation for wood and fiber, For carbon sequestration/REDD

Comment on intention of investment

CIB manages 1.4 million hectares of concessions in the Republic of Congo (R.O.C.) of which 1.3 million hectares are Forestry Stewardship Councilâ„¢ ( FSCâ„¢) certified – to date the largest contiguous FSCâ„¢ certified tropical forest concessions in the world. The Pikounda Nord concession which comprises the remaining 92,530 hectares is located in the Sangha region in the heart of the Congo River Basin.

Nature of the deal

Lease

Negotiation status

[2011, current] Concluded (Contract signed)

Comment on negotiation status

Olam International Ltd. acquired forestry company CIB in January 2011.