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
Comment on land area
This is a logging contract signed between the Government of Liberia and the company. It covers 119,344 hectares in the three counties

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
Forest Management Contract (FMC)

Negotiation status

Negotiation status
[2011] Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Leasing fees

Annual leasing fee
8.90
Annual leasing fee currency
US Dollar ($)
Annual leasing fee type
per ha
Comment on leasing fees
The company is supposed to pay the GoL US $8.90 per hectare every year as rent for the land it will use to operate. the company must also give the government a US $250,000 performance bond before the company starts work. Data obtained from a formal source.

Contract farming

Contract farming
No

Contract #1

Contract date
2009-09-17
Contract expiration date
2034-09-16
Duration of the agreement (in years)
25

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/

Data source #2

Data source type
Research Paper / Policy Report
File
Publication title
ABRIDGED SIMPLIFIED CONTRACT MATRIX Designed for Multistakeholders Reference LIBERIA EXTRACTIVE INDUSTRIES
Date
2015-12

Data source #3

Data source type
Contract
Date
2009

Detailed crop, animal and mineral information

Crops area
Trees (unspecified)

April 15, 2020, 11:04 a.m.

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