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Deal #8723 Version #83987

Gabon

Created at

2021-05-17

Last update

2021-12-15

Last full update

2024-10-30

Land area

Intended size

727 000 ha

Size under contract (leased or purchased area)

[2007, current] 727000.0 ha

Comment on land area

Size taken from paper by Danielle Legault. Company states 731,000ha.

Intention of investment

[2007, current] Food crops, Livestock, Non-food agricultural commodities, Forest logging / management for wood and fiber, For carbon sequestration/REDD, Conservation, Other (727000.0 ha)

Comment on intention of investment

212,000ha agricultural and conservation savannah land, 200,000ha sustainable forestry, 70,000ha co-managed community forests and agricultural land, 234,000ha conservation arc covering rainforest, coastal, estuarine, mountain and savannah eco-systems, 14,000ha urban municipal and infrastructure development.

Nature of the deal

Lease

Negotiation status

[2007, current] Concluded (Contract signed)

Comment on negotiation status

Year based on information in Mail & Guardian

Implementation status

[current] Startup phase (no production)

Comment on implementation status

Sugar trial planted. Planned to open the safari lodge in 2020. "Regrettably due to high level corruption the company has been forced to cease operations there and we are now involved in formal arbitration against the Government of Gabon through the Paris Chamber of Commerce." (https://grassland.org.za/who-we-are/members/leo-smith-kevin)