Deal #4991

Location #1

Spatial accuracy level
Coordinates
Location
Grand Cape Mount, Liberia

Latitude
7.17
Longitude
-11.01
Target country
Liberia

Land area

Intended size (in ha)
5000.0
Size under contract (leased or purchased area, in ha)
[2008] 5000

Intention of investment

Intention of investment
Forest logging / management (for wood and fibre)

Nature of the deal

Nature of the deal
Concession
Comment on nature of the deal
timber sale contract. Contract is extended for a further two years. Original contract expiration date: 2011-06-25

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)
Comment on negotiation status
contract number: TSC0005. Timber Sale Contract A-9.

Implementation status

Implementation status
[2010] In operation (production)
[2013] Project abandoned

Leasing fees

Annual leasing fee
20
Annual leasing fee currency
US Dollar ($)
Annual leasing fee type
per ha
Comment on leasing fees
20$/ha/year. B & V Timber Company shall first pay it prior to felling any trees and, after that, every year on the anniversary of the contract signing date. Land payments had not been made in 2012; still, the company had begun to export timber in 2010.[Data obtained from formal sources].

Contract farming

Contract farming
No

Contract #1

Contract number
TSC0005
Contract date
2008-06-27
Contract expiration date
2011-06-25
Duration of the agreement (in years)
3

Operating company

Operating company

 

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Data source #1

Data source type
Contract
Date
2008-06-27
Open Contracting ID
ocds-591adf-9001881130

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2010-12-17
Comment on data source
United Nations Security Council. Letter dated 15 December 2010 from the Chairman of the Security Council Committee established pursuant to resolution 1521 (2003) concerning Liberia addressed to the President of the Security Council.

Data source #3

Data source type
Research Paper / Policy Report
File
Date
2013-01-01
Comment on data source
Liberia Social Audit. Assessing the Forestry sector: Community benefit sharing and participation in forest governance

Data source #4

Data source type
Contract
File
Comment on data source
Social Agreement

Data source #5

Data source type
Other (Please specify in comment field)
File
Comment on data source
Company database

Consultation of local community

Community consultation
Limited consultation
Comment on consultation of local community
Community was consulted but no documentation available. The community is dissatisfied with the process of negotiating the social agreement.

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
The social fund is due to receive cubic meter payments, however the company has not yet paid them.

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Roads
Comment on promised benefits for local communities
B & V Timber Company shall complete the Social Agreement required under Forestry Development Authority Regulation 105-07, which, once attested to by the Forestry Development Authority, then becomes part of the contract and, if breached, is treated like a breach of the contract. Social agreement was signed on 29/03/2009. By 2013 the company has not yet completed any of the community development benefits it agreed to.

Materialized benefits for local communities

Comment on materialized benefits for local communities
By 2013, there had been no community development provided by the company.

Former land owner (not by constitution)

Former land owner
State
Private (smallholders)
Community

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Forest land

Detailed crop, animal and mineral information

Crops area
Trees (unspecified)

Use of produce

Has export
Yes
Comment on use of produce
Export began in 2010.

How much do investors pay for water and the use of water infrastructure?

Comment on how much do investors pay for water
B & V Timber Company may use free of charge any water found within the contract area or in the public domain within 5 kilometers of the contract area provided that it does not deprive any lands, tribes, villages, towns, houses, or watering places for animals of a reasonable supply of water.

April 23, 2020, 12:05 p.m.

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March 12, 2020, 9:35 a.m.

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March 19, 2019, 2:28 p.m.

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April 12, 2017, 3:56 p.m.

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April 12, 2017, 1:11 p.m.

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Dec. 1, 2016, 2:05 p.m.

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Dec. 1, 2016, 12:49 p.m.

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Oct. 20, 2016, 12:09 p.m.

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April 15, 2016, 1:28 p.m.

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March 5, 2016, 4:58 p.m.

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