Deal #4318

Location #1

Spatial accuracy level
Administrative region
Location
Mukah, Sarawak, Malaysia

Target country
Malaysia

Location #2

Spatial accuracy level
Administrative region
Location
Bukit Majau, Kapit, Sarawak, Malaysia

Target country
Malaysia

Location #3

Spatial accuracy level
Administrative region
Location
Sarawak, Malaysia

Target country
Malaysia
Comment on location
Ulu Tada

Land area

Intended size (in ha)
37437
Size under contract (leased or purchased area, in ha)
[2013] 25400
[2016] 28743
Size in operation (production, in ha)
[2013] 8100
[2014] 9100
[2016] 11080
Comment on land area
Diverging information: according to the Annual Report 2013 and 2014 (p. 11: www.suburtiasa.com.my/wp-content/uploads/2013/12/SuburTiasa_annual-report-2013.pdf ) "the Group’s land bank for cultivation of oil palms stood at 25,400 hectares"; the company website, however, states a total land bank of 13,000 hectares (http://www.suburtiasa.com.my/products/oil-palm/ ). The intended investment area refers to a joint venture between Victory Round Sdn Bhd, a wholly owned subsidiary of Subur Tiasa, and Pelita Holdings Sdn Bhd covering 12037 ha in Ulu Tiada

Intention of investment

Intention of the investment
Agriculture unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2004] Concluded (Contract signed)
[2008] Concluded (Contract signed)
Comment on negotiation status
several contracts

Implementation status

Implementation status
[2004] Startup phase (no production)
[2005] In operation (production)

Contract #1

Contract date
2004-09-30
Duration of the agreement (in years)
60

Operating company

 

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Data source #1

Data source type
Company sources
File
Date
2014-01-01

Data source #2

Data source type
Company sources
File
Date
2013-07-31
Comment on data source
Annual Report 2013

Data source #3

Data source type
Company sources
File
Date
2014-01-01

Data source #4

Data source type
Company sources
File
Date
2014-01-01

Data source #5

Data source type
Company sources
File

Data source #6

Data source type
Media report
File
Date
2013-12-18

Data source #7

Data source type
Media report
File
Date
2013-10-28

Data source #8

Data source type
Company sources
File
Date
2014-12-31
Comment on data source
Annual report 2014

Data source #9

Data source type
Company sources
File
Date
2016-07-31

Consultation of local community

Community consultation
Free, Prior and Informed Consent (FPIC)
Comment on consultation of local community
This refers to the planned joint venture between Victory Round Sdn Bhd (wholly owned subsidiary of Subur Tiasa) and Pelita Holdings Sdn Bhd.

How did the community react?

Community reaction
Consent

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
30 percent of the equity share in the joint venture.

Former land use

Former land use
Smallholder agriculture

Detailed crop, animal and mineral information

Crops area
Oil Palm

Overall comment

Overall comment
split up according to page 117 of the annual report: https://www.suburtiasa.com.my/wp-content/uploads/2013/12/SuburTiasa_annual-report-2013.pdf

Feb. 14, 2017, 9:04 a.m.

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May 3, 2016, 9:33 p.m.

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June 29, 2015, 7:03 p.m.

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May 15, 2015, 6:57 p.m.

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April 2, 2014, 2:26 p.m.

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April 2, 2014, 2:08 p.m.

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