Deal #4514

Location #1

Spatial accuracy level
Administrative region
Location
Komono, Congo

Target country
Congo, Rep.
Comment on location
Komono district in Lékoumou province

Land area

Intended size (in ha)
50000.0
Size under contract (leased or purchased area, in ha)
[2013, current] 50000
Comment on land area
An investment of about $500 million will take place over the next 15-25 years.

Intention of investment

Intention of investment
[2013, current] Non-food agricultural commodities, Agriculture unspecified (50000 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2013, current] Concluded (Contract signed)

Implementation status

Implementation status
[2013] Startup phase (no production)
Comment on implementation status
The company has one year (from July 2013) to begin developing a nursery and plant saplings. The company did not carry out an Environmental Impact Assessment, as required by Congolese law. In July 2016, the official Independent Monitor found that Lexus Agric continued clearing forest even though its authorisation from the Forestry Department had expired the previous month.

Contract farming

Contract farming
No

Contract #1

Contract date
2013
Contract expiration date
2038
Duration of the agreement (in years)
25

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned number of jobs (domestic)
8575
Comment on jobs created (domestic)
Direct jobs for the plantations, other indirect jobs will be created in order to rehabilitate the roads and other infrastructure

Operating company

Operating company
Comment on investment chain
Linked to Atama company.

 

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Data source #1

Data source type
Research Paper / Policy Report
File
Publication title
planet palm oil
Date
2014-09
Comment on data source
Grain- planet palm oil, September 2014

Data source #2

Data source type
Media report
File
Publication title
New investment will revitalise rubber plantations
Date
2013-08-29

Data source #3

Data source type
Media report
Publication title
Republic of Congo to get US$65 million from the Central African Forest Initiative. Will it stop deforestation? Not a chance
Date
2019-09-13

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Oil palm company was operating on the land but stopped in 1967 due to the lack of workers in the area.

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland
Forest land

Detailed crop, animal and mineral information

Crops area
Oil Palm, Rubber tree

July 1, 2020, 3:36 p.m.

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Aug. 16, 2016, 6:03 p.m.

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Nov. 4, 2014, 1:06 p.m.

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