07/12/2011 (MarketWatch) - Feronia Inc. ("Feronia" or the "Company") today announced that Feronia PHC, its oil palm plantations division, has completed the targeted 2011 re-planting programme of 2,000 hectares of oil palm.

Feronia PHC holds concessions of 107,892 hectares on which 17,854 hectares are planted with immature or producing oil palms. Having completed a 1,000 hectare re-planting programme in 2010 and 2,000 hectares in 2011, the Company will continue its re-planting programme in 2012 and onwards. By re-planting previously planted and producing areas, the Company is able to grow its productive areas at far lower costs than greenfields plantings and faces no deforestation issues.

"We are very pleased to meet the high-end objective of our re-planting programme for 2011. This demonstrates the exceptional capabilities of our team at Feronia PHC. The new plantings are a key value-creator for our palm oil business. Through the new plantings we expect to increase our oil production volumes while reducing unit production costs" said Bill Dry, CEO of Feronia.