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Deal #3795 Version #63721

Congo, Rep.

Created at

2013-06-04

Last update

2017-05-05

Land area

Intended size

1 400 000 ha

Size under contract (leased or purchased area)

[2011, current] 1400000.0 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 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.

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.

Implementation status

[current] In operation (production)

Comment on implementation status

Logs are selectively harvested on an annual basis over three separate harvesting phases.