Deal #7623

Gabon
Created at
2020-01-08
Last update
2021-05-03
Last full update
2021-05-03

Land area

Size under contract (leased or purchased area)
  • [2012, current] 37137.0 ha
Size in operation (production)
  • [2015] 7500.0 ha
  • [2016, current] 10860.0 ha
Comment on land area
25000ha will be conserved as HCV forests. Mighty Earth estimates that Olam cleared around 11,000 hectares of rainforest between 2012-2016 for its rubber plantations in northern Gabon.

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities, Conservation
Comment on intention of investment
25000ha will be conserved as HCV forests

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2012, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2013, current] In operation (production)
Comment on implementation status
Environmental and Social Impact Assessment conducted in 2011. In its offering circular of 2020, the company states that Olam Group has de-prioritised rubber and will divest the business and its assets over the next 6 years.

Contract farming

Contract farming
No