Mosaic enters phosphate joint venture in Saudi Arabia
March 19 (Reuters) - U.S. fertilizer company Mosaic Co said on Tuesday that it will hold a minority stake in a joint venture to produce phosphate in Saudi Arabia.
The $7 billion project, including a mine and chemical complexes to make phosphate fertilizer and other products, will be 60 percent owned by mining and metals company Ma'aden. Mosaic will own 25 percent and petrochemical company Saudi Basic Industries Corp JSC will hold 15 percent.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Pistorius starts five-year term for killing Reeva Steenkamp
- U.S. to funnel travelers from Ebola-hit region through five airports
- Ebola crisis turns a corner as U.S. issues new treatment protocols