Key Developments: Mosaic Co (MOS)
60.75USD
17 May 2013
$-0.36 (-0.59%)
$61.11
$61.06
$61.16
$59.94
4,238,736
3,069,077
$64.65
$44.43
Latest Key Developments (Source: Significant Developments)
Mosaic Co Announces Quarterly Dividend Of $0.25 Per Share
Mosaic Co announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company's common stock. The dividend will be paid on May 16, 2013, to stockholders of record as of the close of business on May 2, 2013. Full Article
Saudi Arabian Mining Co Signs Heads of Agreement with Mosaic Co and Saudi Basic Industries Corp to Jointly Develop Fully Integrated Phosphate Production Facility
Saudi Arabian Mining Co (Maaden) announced that it has signed heads of agreement with Mosaic Co and Saudi Basic Industries Corp (SABIC) to develop jointly a fully integrated, a phosphate production facility in the Kingdom of Saudi Arabia at King Abdullah Project for the development of Waad Al Shamal Mineral Industrial City. Maaden, Mosaic Co and SABIC will own 60%, 25% and 15% of the joint venture respectively. The phosphate project at King Abdullah project for the development of Waad Al Shammal Mineral Industrial City will include a new mine and a processing plant complex in the north region of Saudi Arabia, as well as further processing plants at Ras Al Khair Mineral Industrial City in the eastern province. The estimated cost of the project is SAR 26 billion. The two sites will be linked by the existing North-South Mineral Railway. Production at the new facilities is expected to commence in late 2016 with a total production capacity of approximately 16 million tonnes per year. Full Article
Mosaic Co Enters Phosphate Joint Venture With Ma'aden And Sabic In Saudi Arabia
Mosaic Co announced that it has entered into a Heads of Agreement with Ma'aden and the Saudi Basic Industries Corporation (SABIC) under which the companies intend to enter a joint venture to develop integrated phosphate production facilities in the Kingdom of Saudi Arabia. The parties contemplate that Ma'aden, Mosaic and SABIC would own 60, 25 and 15% of the joint venture, respectively. Under the terms of the agreement, Mosaic would contribute expertise to the design, construction and operations of the new facilities and acquire a 25% ownership stake. In connection with its equity share, Mosaic would market approximately 25% of the production of the joint venture. Subject to final financing terms, Mosaic's cash investment would be up to $1 billion, funded over a four-year period beginning in 2013. Full Article
Mosaic Co Announces Settlement Of Potash Antitrust Litigation
Mosaic Co announced that it has agreed to settle previously reported potash antitrust litigation. The litigation has been pending in U.S. District Court in the Northern District of Illinois since 2008. Mosaic will pay $43.75 million to settle all claims with both putative classes. Mosaic chose to settle these claims to avoid the costs, burden, and distraction of protracted litigation. Full Article
Mosaic Co Announces Change In Fiscal Year End
Mosaic Co announced that its Board of Directors has approved a change in the Company's fiscal year end to December 31 from May 31. Mosaic will complete its current fiscal year on May 31, 2013 and will then begin reporting quarterly results on a calendar-year basis with the quarter ending on September 30, 2013. The Company will report results for a transition period of June 1 to Dec. 31, 2013. The Company's first full calendar reporting year will be 2014. Full Article
Mosaic Co Announces Quarterly Dividend of $0.25 Per Share
Mosaic Co announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company's common stock. The dividend will be paid on February 21, 2013, to stockholders of record as of the close of business on February 7, 2013. Full Article
Mosaic Co Announces Quarterly Dividend Of $0.25 Per Share
Mosaic Co announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company's common stock. The dividend will be paid on November 15, 2012, to stockholders of record as of the close of business on November 1, 2012. Full Article
Mosaic Co Announces Quarterly Dividend of $0.25 Per Share
Mosaic Co announced today that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company's common stock. The dividend will be paid on August 16, 2012, to stockholders of record as of the close of business on August 2, 2012. Full Article
The Mosaic Company Announces 100% Dividend Increase, To $1.00/Share Annually
The Mosaic Company announced that its Board of Directors approved an annual dividend program of $1.00 per share. This program increases the annual targeted dividend 100% from the current level of $0.50 per share, and 400% from the year-ago level. The new dividend program is planned to go into effect with the next regularly declared dividend, expected to be declared on July 19, 2012. Full Article
The Mosaic Company Quarterly Dividend Of $0.125 Per Share
The Mosaic Company announced that its Board of Directors declared a quarterly dividend of $0.125 per share on the Company's common stock. The dividend will be paid on May 17, 2012, to stockholders of record as of the close of business on May 3, 2012. Full Article
UPDATE 1-U.S. corn area to reach 95 mln-96 mln acres -Mosaic
NEW YORK, May 15 - U.S. fertilizer producer Mosaic Co expects U.S. corn plantings to reach 95 million to 96 million acres in 2013, as farmers make up for time lost due to unfavorable spring weather.
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