The firm will now manage a total of 1.51 million hectares following a series of land takeovers earlier this year.
Indonesia has taken over more than 674,000 hectares of palm oil plantations and seized portions of two major nickel mines, handing the world’s top producer of both commodities a growing portfolio as it cracks down on illegal practices in the natural resources sector.
The seized plantations — which were operating in forested areas without proper permits — will be handed over to state-owned agriculture company Agrinas Palma Nusantara, Febrie Adriansyah, assistant attorney general for special crimes, told reporters in Jakarta on Friday.
