Deal #851

Location #1

Spatial accuracy level
Administrative region
Location
Bartica, Guyana

Target country
Guyana

Land area

Size under contract (leased or purchased area, in ha)
[2014] 345961
Size in operation (production, in ha)
[2014] 345961

Intention of investment

Intention of investment
Timber plantation (for wood and fibre), Forest logging / management (for wood and fibre)
Comment on intention of investment
Logging concession

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The Timber Sales Agreement (TSA) was originally assigned to Carribean Resource Ltd and taken over by Vaitarna in 2010. Normally, before a TSA (which is a long term agreement) is granted, a State Forest Exploratory Permit (SFEP) should be granted for three years. Vaitarna did not undergo the SFEP phase for this area.

Negotiation status

Negotiation status
[2010] Concluded (Contract signed)
Comment on negotiation status
The Timber Sales Agreement (TSA) was originally assigned to Carribean Resource Ltd and taken over by Vaitarna in 2010.

Implementation status

Implementation status
[2011] In operation (production)
Comment on implementation status
They are exporting unprocessed logs from the land

Purchase price

Comment on purchase price
Vaitarna paid 3 million USD for the TSA (in addition to acreage and royalty fees) (http://www.kaieteurnewsonline.com/2011/04/10/forestry-deal-with-india%E2%80%99s-coffee-maker-raises-questions/).

Contract #1

Duration of the agreement (in years)
25

Operating company

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Media report
File
Date
2011-04-11

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Media report
File

Data source #4

Data source type
Media report
File

Data source #5

Data source type
Media report
File
Date
2012-04-16
Comment on data source
This document relates the acquisition process of the land from Carribean Resource Ltd. to Vaitarna Holdings Private Inc. (VHPI), a subsidiary of Café Coffee Day Limited of India.

Data source #6

Data source type
Media report
File
Date
2012-05-16

Data source #7

Data source type
Media report
File
Date
2013-08-19
Comment on data source
The promised wood processing facility is not installed as of August 2013

Data source #8

Data source type
Media report
File
Date
2015-01-20
Comment on data source
This report critizices the delay in setting up the wood processing facility.

Data source #9

Data source type
Media report
File

Data source #10

Data source type
Media report
File

Data source #11

Data source type
Media report
File

Data source #12

Data source type
Media report
File

How did the community react?

Comment on community reaction
There are reports critizicing the delay in setting up the wood processing plant.

Former land owner (not by constitution)

Former land owner
State

Former land use

Former land use
Forestry

Former land cover

Former land cover
Forest land

Use of produce

Has export
Yes
Export
100
Country 1
India

In country processing of produce

In country processing of produce
No
Comment on in country processing of produce
The processing is taking place in India.

Overall comment

Overall comment
The Timber Sales Agreement (TSA), a 25 year concession, was directly transfered from Carribean Resource Ltd to Vaitarna in 2010. Normally, before a TSA is granted, a 3 year State Forest Exploratory Permit (SFEP) should be granted.

Feb. 28, 2019, 9:16 p.m.

overwritten

This version

Compare with previous version

Feb. 5, 2018, 10:26 p.m.

overwritten

Show this version

Compare with previous version

Jan. 26, 2016, 8:29 p.m.

overwritten

Show this version

Compare with previous version

March 5, 2015, 7:23 p.m.

overwritten

Show this version

Compare with previous version

March 4, 2015, 4:49 p.m.

overwritten

Show this version

Compare with previous version

Nov. 7, 2013, 7:13 p.m.

overwritten

Show this version

Compare with previous version

June 5, 2013, 8:51 p.m.

overwritten

Show this version

Compare with previous version

June 5, 2013, 6:40 p.m.

overwritten

Show this version

Compare with previous version

June 4, 2013, 10:08 p.m.

overwritten

Show this version

Compare with previous version

May 30, 2013, 7:57 a.m.

overwritten

Show this version

Compare with previous version

May 30, 2013, 7:56 a.m.

overwritten

Show this version

Compare with previous version

May 30, 2013, 7:53 a.m.

overwritten

Show this version

Compare with previous version

May 30, 2013, 7:51 a.m.

overwritten

Show this version

Compare with previous version

April 8, 2013, 9:52 a.m.

overwritten

Show this version

Compare with previous version

March 21, 2013, 3:41 a.m.

overwritten

Show this version

Compare with previous version

March 21, 2013, 3:40 a.m.

overwritten

Show this version

Compare with previous version

Feb. 15, 2013, 5 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.