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The Mosaic Company

The Mosaic Company is an American chemical company based in Tampa, Florida, which mines phosphate, potash, and collects urea used for fertilizer, through various international distribution networks and Mosaic Fertilizantes. It is the largest U.S. producer of potash and phosphate fertilizer.

Overview

The Mosaic Company was formed in October 2004 by a merger between IMC Global, a fertilizer company formed in 1909, and Cargill's crop nutrition division. It is a combined producer and marketer of concentrated phosphate and potash with a customer base which includes wholesalers, retail dealers and individual growers worldwide. Its headquarters are in Tampa and it employs approximately 13,000 people in eight countries.

Products

Potash

Mosaic has approximately 10.4 million tons of operational potash capacity. The company owns potash mines or surface mills in Belle Plaine, Colonsay, Esterhazy K1, Esterhazy K2, Esterhazy K3, and Carlsbad, with another potash mine recently purchased in Brazil during the Vale Fertilizantes acquisition. The Colonsay mine and mill is indefinitely idled and in care and maintenance mode. Esterhazy K3, in development, consists of an underground mine and service/production shafts separate from the K1 and K2 underground mine that is beginning to supply the K1 and K2 surface facilities with ore. Esterhazy K3 does not have surface milling and storage facilities. Instead it is intended to replace the ore being mined from the K1 and K2 mine. The shift in production will decrease brine management costs of the K1 and K2 mine, which were $108.0 million for 2020.

Mosaic is a member of Canpotex, an export association of Canadian potash producers through which they sell their Canadian potash outside the U.S. and Canada.

Potash mines locations:

Phosphate

Mosaic has approximately 16.8 million tons of operational capacity for finished concentrated phosphates. They are the largest producer of finished phosphate products with an annual capacity greater than the next two largest producers combined. It has a global distribution network made up of plants, port facilities, warehouses and sales offices. In 2013 Mosaic produced 7.6 million tons of concentrated phosphate crop nutrients and over 15 million tons of phosphate rock production. In October, 2013, Mosaic reached an agreement to purchase the phosphate operations of CF Industries for 1.4 billion dollars, which eliminates the need for Mosaic to spend an additional billion dollars to build a processing facility in Hardee County, Florida to process the rock from their mines in the area.

Phosphate mines are located in the Bone Valley Formation of the Peace River watershed in Central Florida:

Mosaic owns a 25% stake of the Ma'aden Wa'ad Al Shamal Phosphate Company joint venture in Saudi Arabia. With the completion of the Vale Fertilizantes acquisition in January, 2018, an additional five Brazilian phosphate rock mines, four chemical plants and an additional 40% economic interest in the Miski Mayo mine were purchased.

Carbon footprint

The Mosaic Company reported total CO2e emissions (Direct + Indirect) for 31 December 2020 at 4,920 Kt (+340/+7.4% y-o-y).

Timeline

2023

  • August: Mosaic Board of Directors elected Bruce Bodine to succeed Joc O'Rourke as Mosaic's CEO effective January 1, 2024. Bodine served as Mosaic president and a member of the Board of Directors effective immediately.

2018

  • January: Mosaic completed the acquisition of Vale Fertilizantes.

2015

  • August: Joc O'Rourke succeeded Jim Prokopanko as Mosaic's president and CEO.

2014

2013

  • November: Mosaic closed the potash operations at the Hersey facility.

2011

  • May: Mosaic and Cargill complete a transaction to split off and distribute Cargill's stake in Mosaic.
  • January: Mosaic and Cargill agree to split off and orderly distribute Cargill's stake in Mosaic.

2007

  • January: Jim Prokopanko succeeds Fritz Corrigan as president and CEO of Mosaic.

2006

  • July: Jim Prokopanko named Mosaic's Chief Operating Officer.

2004

  • October: The Mosaic Company (NYSE: MOS) begins trading on the New York Stock Exchange.
  • June: Mosaic is announced as the chosen name for the newly formed company.
  • January: The crop nutrition business of Cargill, Inc. and IMC Global enter into a definitive agreement forming a new crop nutrition company.

References

External links