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Deal #3795 Version #63718

Congo, Rep.
Created at
2013-06-04
Last update
2016-11-21

Land area

Intended size
1 400 000 ha
Size under contract (leased or purchased area)
  • [2011, current] 1400000.0 ha

Intention of investment

Intention of investment
  • [current] Food crops, 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 Council certified – to date the largest contiguous FSC 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. Since 2012, the company has diversified its activities - supporting small scale cocoa farmers.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)
Comment on negotiation status
Olam International Ltd. acquired forestry company CIB in January 2011.

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
Logs are selectively harvested on an annual basis over three separate harvesting phases.

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 30000.0 ha
Comment on contract farming
Cacao outgrowers. The company installed a first nursery in Pokola. Its goal is to produce 32 million seedlings, which are supplied free of charge to farmers. Production areas develop in the districts of Sembé and Souanké but also in Eastern territory, Pikounda, Pokola, Kabo, Gatongo and Leme.