Deal #3844
Cameroon
Created at
2013-06-27
Last update
2025-02-12
Last full update
2025-02-12
Land area
Intended size
65 000 ha
Size under contract (leased or purchased area)
- [2013] 58929 ha
- [2021, current] 45198 ha
Size in operation (production)
- [2020, current] 9768 ha
Comment on land area
According to the contract, the company leases two parcels: 8200ha (North) plus 36,998ha (Central), both in Arrondissements de Meyomessala, Meyomessi et Djoum, Département du Dja et Lobo. This is also published in the 2020 annual report.
In February 2021, the Board of Sudcam, a non-wholly owned subsidiary of the Group, approved the return of the South Concession, which comprises 13,731 hectares of unplanted lands, to the Cameroonian government.
An additional 20,000 hectares are planned for oil palm. Another study found the concession to be 43939 hectares. Another data source states 45198 hectares.
Intention of investment
Intention of investment
- [current] Non-food agricultural commodities, Agriculture unspecified
Comment on intention of investment
Rubber plantation and the company will also begin planting oil palm.
9,768ha plantation, 9,706ha conservation, 25,000ha community forest, 744ha infrastructure
Carbon offset project
Carbon offset project
No
Nature of the deal
Nature of the deal
Outright purchase
Comment on nature of the deal
According to the Halcyon annual report, the ownership type is freehold.
Negotiation status
Negotiation status
- [2013, current] Concluded (Contract signed)
Comment on negotiation status
Decree has been obtained in March 2013, long term lease has been finalised.
Implementation status
Implementation status
- [2008, current] In operation (production)
Comment on implementation status
The investors have cleared 3274hectares of forest up to 2014. A 2018 media report states at least 10 000ha have been cleared.
Leasing fees
Annual leasing fee
1
$
per haComment on leasing fee
USD1,00/ha/year for developed land, USD0.50/ha/year for undeveloped land as per contract (https://www.openlandcontracts.org/contract/ocds-591adf-9487445310/view#/pdf)
Contract farming
Contract farming
No