Deal #3795

Congo, Rep.
Created at
2013-06-04
Last update
2024-09-13

Land area

Intended size
544 730 ha
Size under contract (leased or purchased area)
  • [2012-06-08, current] 544730 ha
Size in operation (production)
  • [current] 452200 ha
Comment on land area
Pokota: Production 279190 hectares Conservation 4690 hectares Protection : 141370 hectares Communnity development: 26950 hectares Pikounda: Production: 55950 hectares Protection: 36580 hectares

Intention of investment

Intention of investment
  • [2012-06-08, current] Forest logging / management for wood and fiber (335140 ha)
  • [2012-06-08, current] Conservation, For carbon sequestration/REDD (182640 ha)
  • [2012-06-08, current] Other (26950 ha)
Comment on intention of investment
The Concession of Pikounda has been a conservation area as a REDD + project. The Pikounda concession is part of a UN Reducing Emissions from Deforestation CIB is engaged in forestry and wood processing activities. It is committed to sustainable forest management practices and environmental conservation.

Carbon offset project

Carbon offset project
Yes
Comment on carbon offset project
The company aims to create a viable commercial framework to realise value from standing forests under the REDD+ scheme in its Pikounda Nord concession.

Nature of the deal

Nature of the deal
Concession

Negotiation status

Negotiation status
  • [2011] Intended (Under negotiation)
  • [2012-06-08, current] Concluded (Contract signed)
Comment on negotiation status
Olam International Ltd. acquired forestry company CIB in January 2011. CIB (Congolaise Industrielle des Bois), a subsidiary of Olam International, is an established timber concession in the Republic of Congo which has been in operation since 1968. CIB was the first timber company to submit a Management Plan in Congo in 2005 and the first to become FSC™ Certified in 2006.

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
Comment on contract farming
See #5500 for information on the company's contract farming activities within the country.