Deal #5243

Congo, Dem. Rep.
Created at
2016-09-30
Last update
2022-09-18
Last full update
2022-09-18

Land area

Intended size
252 034 ha
Size under contract (leased or purchased area)
  • [2014, current] 252034 ha
Comment on land area
Usable surface area is 133,213ha.

Intention of investment

Intention of investment
  • [2014, current] Forest logging / management for wood and fiber (252034 ha)

Nature of the deal

Nature of the deal
Concession

Negotiation status

Negotiation status
  • [2014] Concluded (Contract signed)
  • [2017] Concluded (Change of ownership)
  • [2017, current] Concluded (Contract signed)
Comment on negotiation status
Assigned to Siforco by Order No. 019/14. Ceased to Booming Group in 2017.

Implementation status

Implementation status
  • [2018, current] Startup phase (no production)
Comment on implementation status
Management plan submitted, if not approved by 2019, the contract will become null and void. If is not clear whether the plan was approved.

Leasing fees

Comment on leasing fee
Contract states: "SIFORCO 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