Insights and Stories on Mosaic

Jan. 26, 2017 at 3:17 pm CST

Reuters — The deepest slump in a decade for the oversupplied potash fertilizer market may abate only slightly in 2017, major producers say, and could take years to correct due to the imminent startup of new mines. PotashCorp, the world’s biggest fertilizer producer, forecast a less profitable year on Thursday […]

By John Benny, Rod Nickel

Dec. 19, 2016 at 5:58 pm CST

Brasilia/Sao Paulo | Reuters — Vale SA’s US$2.5 billion sale of its fertilizer business to Mosaic Co., the latest step in the Brazilian iron ore miner’s strategy to reduce debt, also makes it the U.S. company’s biggest shareholder. Mosaic, which made the deal to improve its access to Brazil’s vast […]

By Gustavo Bonato, Stephen Eisenhammer

Nov. 1, 2016 at 5:12 pm CDT

Reuters — U.S. fertilizer producer Mosaic Co. may need to restart its idled potash mine at Colonsay, Sask. next year, as international buyers work through inventories, the company said on Tuesday. Mosaic halted production in July at the mine, about 70 km southeast of Saskatoon, for the rest of 2016 […]

By Ismail Shakil, Rod Nickel

Oct. 5, 2016 at 7:24 pm CDT

Rio de Janeiro | Reuters — Vale SA’s plan to dispose of fertilizer assets remains on track despite a request last week by Brazil’s state development bank, BNDES, to analyze the transaction more carefully, according to two people with direct knowledge of the situation. Terms of the deal, which involves […]

By Guillermo Parra-Bernal, Tatiana Bautzer

Sep. 29, 2016 at 3:46 pm CDT

Reuters — Testing of nine wells near a sinkhole at a Mosaic Co. fertilizer facility in Florida, site of a massive leak of contaminated water, shows that water meets safe drinking standards for radioactivity and damage has not spread beyond the site, the company said. A sinkhole 45 feet in […]

By Rod Nickel