Deal #5947

Location #1

Spatial accuracy level
Administrative region
Location
Maryland, Liberia

Target country
Liberia

Land area

Size under contract (leased or purchased area, in ha)
[2011] 28847

Intention of investment

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

Nature of the deal

Nature of the deal
Concession

Negotiation status

Negotiation status
[2011] Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Contract farming

Contract farming
No

Contract #1

Contract date
2011-10-06
Duration of the agreement (in years)
17

Operating company

Comment on investment chain
Atlantic Resources is dependent upon PDT (Perkapalan Damai Timur Sdn. Bhd), an international company that has made a binding commitment to provide Atlantic Resources with US $60 million. Unfortunately, PDT does not have US $60 million. PDT is, however, related to another international company, Samling, a Hong Kong-listed logging company with considerable financial resources. An online search reveals that PDT and Samling Strategic Corp. have the same address, and according to the Due Diligence Report, PDT and Samling Global Limited share stock.

 

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Data source #1

Data source type
Personal information
Comment on data source
http://labs.aiddata.org/liberia-concessions/

Detailed crop, animal and mineral information

Crops area
Trees (unspecified)

Feb. 1, 2018, 12:25 p.m.

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Feb. 1, 2018, 12:23 p.m.

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