HAVANA, Jan. 31th Canada based mineral exploration company and international marketer and supplier of natural zeolite products International Zeolite Corp (IZC)
announced the landmark negotiation with the University of Havana Foundation (UH) and GEOMINERA, S.A. (GMSA).
The discussions between the Canadian and Cuban counterparts centered around a natural Cuban fertilizer, NEREA®, which the Caribbean island has been developing for the past 20 years.
Company director Mark Perlman represented IZC, while the negotiations are the result of months of planning and meetings to conclude three major agreements.
Furthermore, the Candian and Cuban negotiators formalized the working teams and garnered a better understanding of the NEREA® products Cuba has developed.
The parties plan to establish joint projects with the goal of creating an International Economic Association for the production, technology transfer, marketing and distribution of NEREA® products in the Canadian market, subject to Cuba’s foreign investment laws.
According to Cuba Business Report, Director General for Foreign Investment in Cuba, Carlos Luis Jorge Mendez, is very hopeful about the project and reiterated that IZC would have full support.