MarketThe Mosaic Company
Company Profile

The Mosaic Company

The Mosaic Company is an American chemical company based in Tampa, Florida, which mines phosphate, potash, and collects urea used for fertilizer, through various international distribution networks 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 Tampa and it employs approximately 13,000 people in eight countries. ==Products==
Products
Potash Mosaic has approximately 10.4 million tons of operational potash capacity. Esterhazy K3 does not have surface milling and storage facilities. Instead it is intended to replace the ore being mined from the K1 and K2 mine. The shift in production will decrease brine management costs of the K1 and K2 mine, which were $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 locations: • Carlsbad, New Mexico () • Belle Plaine, Saskatchewan () • Colonsay, Saskatchewan () • Esterhazy, Saskatchewan K1 () • Esterhazy, Saskatchewan K2 () • Esterhazy, Saskatchewan K3 () Phosphate Mosaic has approximately 16.8 million tons of operational capacity for finished concentrated phosphates. 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 processing facility in Hardee County, Florida to process the rock from their mines in the area. Phosphate mines are located in the Bone Valley Formation of the Peace River watershed in Central Florida: ==Carbon footprint==
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). ==Timeline==
Timeline
2023 • August: Mosaic Board of Directors elected Bruce Bodine to succeed Joc O'Rourke as Mosaic's CEO effective January 1, 2024. Bodine served as Mosaic president and a member of the Board of Directors effective immediately. 2018 • January: Mosaic completed the acquisition of Vale Fertilizantes. 2015 • August: Joc O'Rourke succeeded Jim Prokopanko as Mosaic's president and CEO. 2014 • December: Mosaic acquires Archer Daniels Midland'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 the Hersey facility. • 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's Chief Operating Officer. 2004 • October: The Mosaic Company (NYSE: MOS) begins trading on the New York Stock Exchange. • June: Mosaic is 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 forming a new crop nutrition company. ==References==
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