The Mosaic Company today announced that it intends to reduce fertilizer production until markets improve. The company plans to decrease phosphate production at its Central Florida facilities by 150,000 tonnes per month, in addition to the 500,000 tonne reduction it implemented in the second half of 2019 primarily in Louisiana, and will continue to operate at lower rates in its Canadian potash business. Production in both [...]
The Mosaic Company was recently named to Newsweek’s 2020 list of America’s Most Responsible Companies. Ranked 109 out of 300, Mosaic earned this recognition due to sustainability disclosure practices and performance with key environmental, social and governance indicators. The achievement is validation of Mosaic’s commitments in the ESG space: managing environmental performance, investing in employees [...]
The Mosaic Company has announced that company executives will present at two upcoming conferences. Clint Freeland, Mosaic’s Senior Vice President and Chief Financial Officer and Andy Jung, Mosaic’s Vice President Market and Strategic Analysis will participate in a fireside chat at the Morgan Stanley Global Chemicals and Agriculture Conference in Boston on Tuesday, November 12, 2019, at 9:30 a.m. Eastern Time [...]
The Mosaic Company today announced that its third quarter financial results reflect the expected strong performance of Potash and Mosaic Fertilizantes, but were negatively impacted by lower than expected Phosphates segment gross margins. The company has announced a series of actions to temporarily lower production in both phosphates and potash to match demand in 2019 and expects those efforts will position the company to [...]
The Mosaic Company today announced two changes to its Senior Leadership Team, effective November 15, 2019: Corrine Ricard, currently Senior Vice President—Commercial, has been named Senior Vice President—Brazil. Ms. Ricard joined a Mosaic predecessor in 1986 and has served in a variety of leadership roles in Commercial, Supply Chain, Human Resources, International Sales, Distribution, Business Development and [...]
The Mosaic Company announced today that its Board of Directors declared a quarterly dividend of $0.05 per share on the Company’s common stock. The dividend will be paid on December 19, 2019, to stockholders of record as of the close of business on December 5, 2019. The declaration and payment of any future dividends is subject to approval by Mosaic’s Board of Directors. There can be no assurance that the [...]
The Mosaic Company announced today that it will temporarily curtail production at its Esterhazy mine, which when combined with a previously announced potash curtailment, brings total curtailments to up to 600,000 tonnes. The curtailment is not expected to impact the pace of development at the Esterhazy mine K3 project. The increased curtailment is based on increasing inventories as a result of a short-term slowdown in [...]
In advance of upcoming investor meetings, The Mosaic Company today announced that it will execute several strategic actions: The company plans to initiate $250 million in stock repurchases under its existing share repurchase authorization, which has $850 million of remaining capacity. “Mosaic’s stock currently presents an exceptional opportunity to deploy capital. We believe that these repurchases are the best [...]
Mosaic Fertilizantes, the Brazil-based business unit of The Mosaic Company , today announced that it has resumed mining at full capacity at its Araxá and Tapira mines in the state of Minas Gerais, marking the end of the regulatory required idling of the company’s tailings dams. “I am proud of how our teams responded to meet the new regulatory requirements in Brazil,” said Rick McLellan, SVP [...]
The Mosaic Company has announced that Clint Freeland, Mosaic’s Senior Vice President and Chief Financial Officer, will present at Credit Suisse’s 2019 Basic Materials Conference in New York, on Tuesday, September 10, 2019, at 1:40 p.m. Eastern Time. The event will be webcast live, and available on the Company’s website. A replay of the webcast will also be available on the Company’s website for 180 [...]
The Mosaic Company announced today that its Board of Directors declared a quarterly dividend of $0.05 per share on the Company’s common stock. The dividend will be paid on September 19, 2019, to stockholders of record as of the close of business on September 5, 2019. The declaration and payment of any future dividends is subject to approval by Mosaic’s Board of Directors. There can be no assurance that the [...]
The Mosaic Company today announced that the unprecedented wet weather in the Midwest United States has negatively impacted its North American spring fertilizer sales volumes and phosphates margins. These same factors have driven grain prices higher and provide significant opportunities in fall 2019 and beyond. “We’ve experienced a North American spring season that was wetter and later than any in recorded [...]
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