Deal #5218
Congo, Dem. Rep.
Created at
2016-09-28
Last update
2021-08-17
Last full update
2021-03-25
Land area
Intended size
40 040 ha
Size under contract (leased or purchased area)
- [2014, current] 40040.0 ha
Intention of investment
Intention of investment
- [current] Forest logging / management for wood and fiber
Comment on intention of investment
Contract also includes a recovery and management plan.
Nature of the deal
Nature of the deal
Concession
Comment on nature of the deal
Contract renewable. Expires 2039. The contract can be cancelled in some cases, including: (1) the commission of any act or attempted act of corruption, duly certified fraud or violence; and (2) the repeated violation after notice, social and environmental obligations.
Negotiation status
Negotiation status
- [2014] Concluded (Contract signed)
- [2018, current] Failed (Contract cancelled)
Comment on negotiation status
050/14. Decree converted to forest concession contract April 25, 2014. The contract has since been cancelled (reprise) as the company had not been operational within the concession for more than 2 years
Leasing fees
Comment on leasing fee
The contract states: "
TALA-TINA must pay the fee of forest area and other taxes and charges in force related to the operation of the concession, within the time prescribed by the tax legislation"
Contract farming
Contract farming
No