The Mosaic Company

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The Mosaic Company is a Fortune 500 company based in Plymouth, Minnesota, a Minneapolis suburb. Mosaic mines two key crop nutrients--phosphate and potash--and produces specialty products MicroEssentials, K-Mag and Pegasus. It is the largest U.S. producer of potash and phosphate fertilizer.

Video The Mosaic Company

Overview

The Mosaic Company is a combined producer and marketer of concentrated phosphate and potash. Its customer base includes wholesalers, retail dealers and individual growers in more than 40 countries. Headquartered in Plymouth, Minnesota, Mosaic employs approximately 9,000 people in eight countries.

Launched October 25, 2004, Mosaic was formed by a merger between IMC Global, a fertilizer company formed in 1909, and Cargill's crop nutrition division.

• Chairman of the Board of Directors: Robert L. Lumpkins
• Chief Executive Officer and President: James C. O'Rourke

Maps The Mosaic Company

Products

Potash

Mosaic has 9.3 million tonnes of operational capacity (excluding a tolling agreement). Following completion of several expansion projects, Mosaic expects to have an annual operational capacity of approximately 15 million tonnes by 2021. Mosaic operates five potash mines.

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 (50.659°N 101.842°W / 50.659; -101.842

Phosphate

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.

Approximately one-third of the company's phosphate product is shipped within North America, with the remainder exported globally through both PhosChem, an export association, and through its own distribution channel.

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)

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Mosaic Stadium

The company has placed its name on two stadiums in Regina, Saskatchewan. The first, originally called Park Hughes and later as Taylor Field, was built on the site of a sports field that was first used by the Regina Rugby Club in 1921, and became full-time home to the team once a complete stadium was built there in 1936. It remained the team's home through name changes to Regina Roughriders and Saskatchewan Roughriders, and changes in league affiliation from the Western Canada Rugby Football Union to today's Canadian Football League. The Riders continued to play at the stadium through the 2016 CFL season. In 2014, the company signed a naming rights contract to place its name on the first stadium's replacement, located a few blocks west of the original stadium. The new stadium opened in October 2016, and the Riders moved in for the 2017 season. The original Mosaic Stadium was demolished on October 27, 2017.

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Timeline

2015

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

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.

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News

On 5 November 2013 Mosaic Co reported sharply lower third-quarter earnings - a fall by 70% due to fall in prices of its potash and phosphate.

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References

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External links

• Official website

Source of the article : Wikipedia