Malaysian Iris Corp to acquire diatomite deposits in New Zealand
Published: Wednesday, 07 May 2014
The acquisition of diatomite-rich assets in New Zealand by the Malaysian technology company Iris Corp. places the country in a strategic position as a future supplier of natural fertilisers in the Asian and African market.
Malaysian technology company, Iris Corp., has entered into a
shareholders’ agreement to form a joint venture
(JV) for the acquisition of
Featherston Resources’ diatomite mining
licences in New Zealand.
The JV, called Plaman Resources, sees Iris own a 70% stake,
with two partners, Group Family Trusts, Helaint Manolas and