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The Mosaic Company is a Fortune 500 company based in Tampa, Florida which mines phosphate and potash, and operates through segments such as international distribution 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 Plymouth, Minnesota and it employs approximately 12,000 people in eight countries. On October 26, 2018, Mosaic announced that it would be relocating its headquarters from Plymouth, Minnesota to Tampa, Florida.

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 development and has started to supply K1 and K2 surface facilities with ore. Product from its Canadian mines is exported through Canpotex, an export association of Canadian potash producers. Potash mines are located in: * Carlsbad, New Mexico () * Belle Plaine, Saskatchewan () * Colonsay, Saskatchewan () * Esterhazy, Saskatchewan K1 () * Esterhazy, Saskatchewan K2 () *Esterhazy, Saskatchewan K3

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 () * South Pasture, Florida () * Four Corners, Florida () * Wingate, 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 5 Brazilian phosphate rock mines, 4 chemical plants and an additional 40% economic interest in the Miski Mayo mine were purchased.

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.

References



External links


Official website
{{DEFAULTSORT:Mosaic Company Category:Companies listed on the New York Stock Exchange Category:Cargill Category:Fertilizer companies of the United States Category:Companies based in Tampa, Florida Category:Phosphate mines in the United States Category:Mining companies of the United States Category:Mining companies of Canada Category:Potash mines Category:American companies established in 2004 Category:Non-renewable resource companies established in 2004 Category:Companies formed by merger