Profile: Mosaic Co (MOS)

MOS on New York Consolidated

44.41USD
30 Sep 2014
Price Change (% chg)

$-1.01 (-2.22%)
Prev Close
$45.42
Open
$44.61
Day's High
$44.84
Day's Low
$44.09
Volume
5,028,362
Avg. Vol
2,463,947
52-wk High
$51.25
52-wk Low
$42.76

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The Mosaic Company (Mosaic), incorporated on March 25, 2004, is a producer and marketer of combined concentrated phosphate and potash crop nutrients. It is a single source supplier of phosphate-and potash-based crops nutrients and animal feed ingredients. It operates in two segments: Phosphates and Potash. Its Phosphates segment owns and operates mines and production facilities in Florida. Its Potash segment owns and operates potash mines and production facilities in Canada and the United States, which produce potash-based crop nutrients, animal feed ingredients and industrial products. The Company mines phosphate rock in Florida and processes rock into finished phosphate products at facilities in Florida and Louisiana. It mines potash in Saskatchewan, New Mexico and Michigan. The Company has other production, blending or distribution operations in Brazil, China, India, Argentina, and Chile, and an equity investment in a new phosphate rock mine in the Bayovar region in Peru. In March 2014, the Company announced that it has completed the acquisition of the phosphate business of CF Industries, Inc.

Phosphates Segment

The Company sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally. The Company's Phosphates segment also includes the Company's North American and international distribution activities. Its distribution activities include sales offices, port terminals and warehouses in the United States, Canada, and several other international countries. In addition, the international distribution activities include blending, bagging and production facilities in Brazil, China, India, Argentina and Chile. The Company's Phosphates business segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

The Company's United States phosphates operations have capacity to produce approximately 4.3 million tons of phosphoric acid (P2O5 ) per year. Its United States phosphoric acid production totaled approximately 3.8 million tons during the fiscal year ended May 31, 2013 (fiscal 2013). The Company's phosphate crop nutrient products are marketed worldwide to crop nutrient manufacturers, distributors and retailers. The Company's principal phosphate crop nutrient products are Diammonium Phosphate, Monoammonium Phosphate and MicroEssentials. Production of the Company's animal feed ingredients products is located at its New Wales, Florida facility. The Company markets its feed phosphate primarily under the brand names of Biofos and Nexfos. During fiscal 2013, the Company produced approximately 7.6 million tons of concentrated phosphate crop nutrients. During fiscal 2013, its phosphate rock production totaled approximately 15.4 million tons. The Company operates four mines with a combined annual capacity of approximately 16 million tons. The Company's active phosphate mines are primarily located in what is known as the Bone Valley Member of the Peace River Formation in the Central Florida Phosphate District.

The Company uses molten sulfur at its phosphates concentrates plants to produce sulfuric acid primarily for use in its production of phosphoric acid. The Company owns and operates sulfur terminals in Houston, Texas and Riverview, Florida. The Company also leases terminal space in Tampa, Florida, and Houston and Beaumont, Texas. The Company owns two ocean-going barges and contract for operation of another ocean-going vessel that transport molten sulfur from the Texas terminals to Tampa and then onward by truck to its Florida phosphate plants. In addition, the Company owns a 50% equity interest in Gulf Sulphur Services Ltd., LLLP (Gulf Sulphur Services), which is operated by its joint venture partner.

Potash Segment

The Company’s mine and process potash in Canada and the United States and sell potash in North America and internationally. The Company sells potash throughout North America and internationally, as fertilizer, but also for uses in industrial applications and, to a lesser degree, as animal feed ingredients. The Company's potash products are marketed worldwide to crop nutrient manufacturers, distributors and retailers and are also used in the manufacture of mixed crop nutrients and, to a lesser extent, in animal feed ingredients. The Company also sells potash to customers for industrial use. In addition, the Company's potash products are used for de-icing and as a water softener regenerant.

The Company operates three potash mines in Canada, including two shaft mines with a total of three production shafts and one solution mine, as well as two potash mines in the United States, including one shaft mine and one solution mine. The Company also owns related refineries at each of the mines. The Company operates three Canadian potash facilities all located in the southern half of the Province of Saskatchewan, including its solution mine at Belle Plaine, two interconnected mine shafts at its Esterhazy shaft mine and its shaft mine at Colonsay.

In the United States, the Company has two potash facilities, including a shaft mine located in Carlsbad, New Mexico and a solution mine located in Hersey, Michigan. The Company's potash mineral rights in the United States consists of Carlsbad ore reserves, which are of two types: sylvinite, a mixture of potassium chloride and sodium chloride that is the same as the ore mined in Saskatchewan, and langbeinite, a double sulfate of potassium and magnesium. Two types of potash are produced at the Carlsbad refinery. Double sulfate of potash magnesia is the second type of potash, which the Company markets under its brand name K-Mag, and contains sulfur, potassium and magnesium, with low levels of chloride. At the Carlsbad facility, the Company mines and refines potash from 77,103 acres of mineral rights. At Hersey, Michigan, it operates a solution mining facility, which produces salt and potash.

Company Address

Mosaic Co

SUITE E490, 3033 CAMPUS DRIVE
PLYMOUTH   MN   55441
P: +1763.5772700
F: +1763.5592860

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