Deal #4929

Location #1

Spatial accuracy level
Exact location
Location
Imperi, Sierra Leone

Latitude
7.646973734374756
Longitude
-12.310594042480488
Target country
Sierra Leone
Comment on location
Plantation and nursery.

Land area

Intended size (in ha)
2500
Size under contract (leased or purchased area, in ha)
2500
Size in operation (production, in ha)
[2013] 195
[2014] 1330
Comment on land area
"Africa Lion Agriculture intends to plant over ten thousand acres of oil palm as well as hundreds of acres of pineapple, cocoa, coffee and rubber plantations"-- exact intended size not known. In 2013 155ha of oil palm, 36 ha of rubber, 3 ha of cocoa, one ha of coffee planted. In 2014 planted 850 ha of palm oil, 450 ha of rubber plantation, 30 ha of cocoa. For information on the pineapple plantation see overall comment.

Intention of investment

Intention of the investment
Biofuels, Food crops, Agriculture unspecified
Comment on intention of investment
Planting oil palm in order to produce bio fuel for the operation of Sierra Rutile (mine) and to get palm oil products.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2013] Concluded (Contract signed)

Implementation status

Implementation status
[2013] In operation (production)
Comment on implementation status
Namiti Sierra Leone brought legal action (on behalf of communities) to the companies. Namiti was aiming to get the land leases between the company and community cancelled.

Leasing fees

Comment on leasing fees
Lease payments to the community are in arrears since April 2014. Yearly rent of $5 per acre, for a period of 25 years. "ALA paid rent for the first year, but refused to pay for subsequent years in breach of the terms of agreement. Landowning families made several demands for the arrears to be paid but they were ignored by the defendant companies, who continue to hold on to the land, despite a formal termination by the families."

Contract #1

Duration of the agreement (in years)
25

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
[2014] 450
Comment on jobs created (domestic)
Over 90% of the employees cannot read or write but have been trained to carry out modern technical agricultural activities.

Operating company

Comment on investment chain
The company has entered into an agreement with Carmanor Limited whereby Carmanor will partner with Africa Lion Agricultural Company in 2015. Carmanor will fully- fund the expansion of Sierra Rutile’s existing palm oil, rubber and cacao plantations as well as construct and operate an oil palm mini- mill. Were Carmanor to fail in its obligations under the business plan, Carmanor’s ownership of African Lion would reduce as low as zero, based on the business plan milestones it did or did not meet.

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Media report
File
Date
2014-04-10
Comment on data source
Awareness times- Sierra Leone News: African Lion Agriculture to Plant 10,000 Acres of Palm Oil

Data source #2

Data source type
Media report
File
Date
2014-04-29
Comment on data source
Awoko- Sierra Leone News: About PALA Investment

Data source #3

Data source type
Company sources
File
Date
2015-06-04
Comment on data source
Sierra Rutile enters into African Lion agriculture partnership

Data source #4

Data source type
Media report
File
Date
2011-01-13
Comment on data source
Business Wire- Pala Announces Additional Acquisition of Titanium Resource Group Shares

Data source #5

Data source type
Company sources
File
Comment on data source
Carmanor company website

Data source #6

Data source type
Media report
File
Date
2016-07-17
Comment on data source
Families in southern Sierra Leone sue to recover land from agriculture companies

Data source #7

Data source type
Company sources
File
Comment on data source
Annual Report and Accounts 2015

Data source #8

Data source type
Media report
File
Publication title
Sierra Leone News:Condoning corporate malfeasance in large scale land acquisitions: Is Sierra Leone becoming the “wild west”?
Date
2016-07-01

Former land owner (not by constitution)

Former land owner
Community

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Cacao, Coffee Plant, Oil Palm, Rubber tree

Use of produce

Has domestic use
Yes
Comment on use of produce
Biofuel for the mine. The company will create markets for the other plantations, pointing out that they have already started negotiations with an international pineapple juice company based in the country.

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Oil mill to be constructed.

Overall comment

Overall comment
A component project under the Sierra Rutile Mining Company. The project started as an alternative to mining in order to improve the livelihood of people in Sierra Rutile mining communities. Sierra Rutile retains 100% ownership of the existing pineapples plantation, which are already bearing fruit and generating revenue, enabling self-funding expansion (pineapple plantation in 2013 was 13ha and in 2014 was 30ha). Mine in Sierra Leone is #5184.

March 7, 2019, 1:16 p.m.

overwritten

This version

Compare with previous version

Nov. 26, 2018, 1:37 p.m.

overwritten

Show this version

Compare with previous version

Sept. 5, 2016, 10:37 p.m.

overwritten

Show this version

Compare with previous version

July 25, 2016, 1:34 p.m.

overwritten

Show this version

Compare with previous version

Jan. 11, 2016, 3:46 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.