The Mosaic Company

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The Mosaic Company is a Fortune 500 company based in Plymouth, Minnesota which mines phosphate and potash, and is the largest U.S. producer of potash and phosphate fertilizer.

Video The Mosaic Company

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 Plymouth, Minnesota and it employs approximately 15,000 people in eight countries.

Maps The Mosaic Company

Products

Potash

Mosaic has approximately 10.4 million tonnes of operational potash capacity. Mosaic currently operates five potash mines; Belle Plaine, Colonsay, Esterhazy K1, Esterhazy K2 and Carlsbad, with a 6th potash mine recently purchased in Brazil during the Vale Fertilizantes acquisition. Esterhazy K3 is currently in construction and is expected to supply K1 and K2 surface facilities with ore upon completion.

Product from its Canadian mines is exported through Canpotex, an export association of Canadian potash producers.

Potash mines are located in:

Carlsbad, New Mexico (32.412°N 103.939°W / 32.412; -103.939)
Belle Plaine, Saskatchewan (50.429°N 105.199°W / 50.429; -105.199)
Colonsay, Saskatchewan (51.928°N 105.766°W / 51.928; -105.766)
Esterhazy, Saskatchewan K1 (50.729°N 101.929°W / 50.729; -101.929
Esterhazy, Saskatchewan K2 (50.660°N 101.846°W / 50.660; -101.846

Phosphate

Mosaic has approximately 16.8 million tonnes of operational capacity for finished concentrated phosphates. Mosaic is 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 new processing facility in Hardee County, Florida to process the rock from their mines in that area.

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

Fort Meade, Florida (27.648°N 81.757°W / 27.648; -81.757)
Hopewell, Florida (27.915°N 82.127°W / 27.915; -82.127)
Four Corners, Florida (27.715°N 82.141°W / 27.715; -82.141)
Wingate, Florida (27.506°N 82.130°W / 27.506; -82.130)

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 5 Brazilian phosphate rock mines, 4 chemical plants and an additional 40% economic interest in the Miski Mayo mine were purchased.

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Timeline

2018

January: Mosaic completes acquisition of Vale Fertilizantes.

2015

August: Joc O'Rourke succeeds Jim Prokopanko as Mosaic's President and CEO.

2014

December: Mosaic acquires Archer Daniels Midland Company's (ADM) fertilizer distribution business in Brazil and Paraguay.
July: Cargill acquired Mosaic's Hersey, Michigan salt plant.

2013

November: Mosaic closed the potash operations at their Hersey, Michigan facility.

2011

May: Mosaic and Cargill complete the 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 Chief Operating Officer.

2004

October: The Mosaic Company (NYSE: MOS) begins trading on the New York Stock Exchange.
June: Mosaic 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 to form a new crop nutrition company.