Companhia do Vale do Araguaia

completed

Companhia do Vale do Araguaia (CVA, the Company) was founded in 2005 and is a privately owned Brazilian company engaged in the sustainable management of teak plantations in Midwestern Brazil. CVA planted nearly 6,500 hectares (ha) of teak on about 9,672 ha near the town of Agua Boa, is the eastern part of Mato Groso state (the Project). CVA is managing the teak on a 22-year cycle whereby final harvests begin in about 2026, but there are periodic thinnings of the plantation stands, which generate wood sales in the interim. The Company will install and operate a wood processing facility to produce and sell teak products to regional and international markets. The balance between the total land of the Project and the area planted with teak is over 3000 ha, most of which CVA looks after in one of two forms: either as a Reserva Legal (general land set-aside), or as an Área de Preservação Permanente (land reserves required for watershed or other ecological protection).