Deal #7624

Gabon
Created at
2020-01-08
Last update
2021-04-30
Last full update
2021-04-30

Land area

Size under contract (leased or purchased area)
  • [2016, current] 18707.0 ha
Size in operation (production)
  • [current] 5934.0 ha
Comment on land area
1016ha will remain as buffer areas. Makouke plantation made up of three concessions (Bindo-Bifoun (BB), Makouké and Bindo). The investor includes these estates under its Awala mill area (deal 2236)

Intention of investment

Intention of investment
  • Agriculture unspecified (17691.0 ha)
  • [current] Conservation (1016.0 ha)
Comment on intention of investment
1016ha will remain as buffer areas.

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Took lease over in 2016 that was previously under SIAT (was previously incorporated into #3352).

Negotiation status

Negotiation status
  • [1950] Concluded (Contract signed)
  • [2016] Concluded (Change of ownership)
  • [2016, current] Concluded (Contract signed)
Comment on negotiation status
Plantation originally obtained in 1950's and planting started then. Olam took lease over in 2016 that was previously under SIAT (was previously incorporated into #3352).

Implementation status

Implementation status
  • [1950] In operation (production)
  • [2016, current] In operation (production)
Comment on implementation status
Plantation originally obtained in 1950's and planting started then. Olam took lease over in 2016 that was previously under SIAT (was previously incorporated into #3352).Was already operational when lease was taken over from SIAT. The 5,488 ha Bindo-Bifoun (BB) concession was one of three concessions acquired in 2016 during OPG’s acquisition of Societé d’Investissement pour l’Agriculture Tropicale (SIAT)’s palm operations in Gabon. The other two, Makouké and Bindo were already under palm at the time of the acquisition, and have been under either palm or rubber since the end of the 50’s. Conversely, Bindo-Bifoun was undeveloped, except for approximately 600 ha in the southeast part of the concession that was cleared by SIAT between 2007 and 2013 and is now either under palm (347 ha) or is scrub or young regrowth vegetation (approximately 300 ha). On 10th June 2019, following Olam's letter to the RSPO on 8th April 2019 for clarification on the NPP, Olam has decided not to proceed with any new development in the proposed new planting area in BB.

Contract farming

Contract farming
No