The Mosaic Company Explained

The Mosaic Company
Type:Public
Foundation:, through combination of IMC Global Inc. and Cargill, Incorporated
Location:Tampa, Florida, U.S.
Footnotes:[1]

The Mosaic Company is an American chemical company based in Tampa, Florida, which mines phosphate, potash, and collects urea for fertilizer, through various international distribution networks,[2] and Mosaic Fertilizantes.[3] It is the largest U.S. producer of potash and phosphate fertilizer.[4]

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, Florida and it employs approximately 13,000 people in eight countries.[5]

Products

Potash

Mosaic has approximately 10.4 million tonnes of operational potash capacity. Mosaic currently owns potash mines or surface mills at; Belle Plaine, Colonsay, Esterhazy K1, Esterhazy K2, Esterhazy K3 and Carlsbad, with another potash mine recently purchased in Brazil during the Vale Fertilizantes acquisition. Colonsay mine and mill has been indefinitely idled and is currently in care and maintenance mode. Esterhazy K3, currently 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.[6] Esterhazy K3 does not have surface milling and storage facilities, instead it is intended to replace the ore currently mined from the K1 and K2 mine. This shift in production will decrease brine management costs of the K1 and K2 mine, which stood at $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 are located in:[7]

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.[8] 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.[9]

Phosphate mines are located in the Bone Valley Formation of the Peace River watershed in Central Florida:[7]

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.[10]

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).[11] There is little evidence of a consistent declining trend as yet.

Timeline

2023

2018

2015

2014

2013

2011

2007

2006

2004

External links

Notes and References

  1. Web site: SEC: Form 10-K The Mosaic Company . . February 22, 2024 . July 31, 2024.
  2. Web site: THE MOSAIC COMPANY : Shareholders Board Members Managers and Company Profile MarketScreener. MarketScreener. www.marketscreener.com. en. 2020-05-21.
  3. Web site: Mosaic (MOS). Forbes. en. 2020-05-21.
  4. Web site: Bloomberg, Mosaic Says Fertilizer Prices to Remain 'Challenging' Into 2014, 5 November 2013. https://archive.today/20131105174607/http://www.businessweek.com/news/2013-11-05/mosaic-says-fertilizer-prices-to-remain-challenging-into-2014. dead. November 5, 2013.
  5. Web site: Facts About Mosaic. 2018-03-06. 2018-03-07. https://web.archive.org/web/20180307023026/http://www.mosaicco.com/media_center/3102.htm. dead.
  6. Web site: Esterhazy K3. 2018-02-14. 2018-02-15. https://web.archive.org/web/20180215083600/http://www.mosaicco.com/products/esterhazy_k3.htm. dead.
  7. Web site: Global Presence Map . February 20, 2013 . February 26, 2019 . https://web.archive.org/web/20190226173124/http://www.mosaicco.com/Who_We_Are/global_presence_map.htm . dead .
  8. Web site: $ $ Company Profile - Reuters.com. Reuters. Editorial. U.S..
  9. Web site: Mosaic buys CF Industries' Tampa area phosphate facilities. 28 October 2013. 9 January 2014. 22 June 2018. https://web.archive.org/web/20180622005403/http://www.tbo.com/news/business/mosaic-buys-cf-industries-tampa-area-phosphate-facilities-20131028/. dead.
  10. Web site: Mosaic: Vale Fertilizantes Deal Repricing A Tailwind. Seeking Alpha.
  11. Web site: The Mosaic Company's Sustainability Report for 2020Q4 . https://web.archive.org/web/20210911153130/https://www.mosaicco.com/fileLibrary/publicFiles/0-2020_Sustainability_Disclosure_and_GRI.pdf . September 11, 2021 . Alt URL
  12. Web site: The Mosaic Company's Sustainability Report for 2020Q4 . https://web.archive.org/web/20210911153130/https://www.mosaicco.com/fileLibrary/publicFiles/0-2020_Sustainability_Disclosure_and_GRI.pdf . September 11, 2021 . Alt URL
  13. Web site: The Mosaic Company's Sustainability Report for 2020Q4 . https://web.archive.org/web/20210911153130/https://www.mosaicco.com/fileLibrary/publicFiles/0-2020_Sustainability_Disclosure_and_GRI.pdf . September 11, 2021 . Alt URL
  14. Web site: BRUCE BODINE TO SUCCEED JOC O’ROURKE AS PRESIDENT AND CEO OF THE MOSAIC COMPANY . December 11, 2023.
  15. Web site: Mosaic Completes Acquisition of Vale Fertilizantes. www.mosaicco.com. 23 April 2018. 15 February 2018. https://web.archive.org/web/20180215023824/http://www.mosaicco.com/Who_We_Are/4213.htm. dead.
  16. Web site: Joc O'Rourke To Succeed Jim Prokopanko As Mosaic President And CEO . mosaicco.com . February 3, 2016 . October 24, 2015 . https://web.archive.org/web/20151024041538/http://www.mosaicco.com/Who_We_Are/3666.htm . dead .
  17. Web site: Mosaic completes acquisition of ADM fertilizer distribution business.
  18. Web site: Cargill acquires Hersey salt business.
  19. Web site: Mosaic Company Form 8-K12B, Filing May 25, 2011 . secdatabase.com . February 20, 2013.
  20. Web site: Cargill to Split Off 64% Stake in Mosaic to Holders . Bloomberg . February 20, 2013.
  21. Web site: Mosaic Company Form 8-K, Filing October 3, 2006 . secdatabase.com . February 20, 2013.
  22. Web site: Mosaic Company Form 8-K, Filing July 12, 2006 . secdatabase.com . February 20, 2013.
  23. Web site: The Mosaic Company Launches Today as Newest Fortune 500-sized, NYSE-listed firm . October 25, 2004 . February 23, 2013.
  24. Web site: Cargill and IMC Global to Combine Fertilizer Units . The New York Times . February 20, 2013.

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