Profile: Mosaic Co (MOS)

MOS on New York Consolidated

42.83USD
30 Jul 2015
Change (% chg)

$0.11 (+0.26%)
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$42.72
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$42.82
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Volume
3,962,543
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The Mosaic Company (Mosaic), incorporated on March 25, 2004, is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments: Phosphates and Potash. The Phosphates 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 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 process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production, blending or distribution operations in Brazil, China, India and Paraguay, as well as equity investments in a phosphate rock mine in the Bayovar region in Peru. It also has a joint venture to develop a phosphate rock mine and chemical complexes in the Kingdom of Saudi Arabia. The Company serves customers in approximately 40 countries.

Phosphates

The Company is a producer and marketer of phosphate-based animal feed ingredients in the United States. It sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally. Its Phosphates segment also includes the Company’s international distribution activities. Its distribution activities include sales offices, port terminals and warehouses in the United States, Canada, and other international countries. In addition, the international distribution activities include blending, bagging or production facilities in Brazil, China, India and Paraguay. The Company’s Phosphates business segment includes 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 5.2 million tons of phosphoric acid (P2O5) per year. Its United States phosphoric acid production totaled approximately 4.4 million tons during the fiscal year ended December 31, 2014. Its phosphate crop nutrient products are marketed worldwide to crop nutrient manufacturers, distributors, retailers and farmers. The Company's principal phosphate crop nutrient products include Diammonium Phosphate (18-46-0), Monoammonium Phosphate (11-52-0) and MicroEssentials. Production of the Company’s animal feed ingredients products is located at its New Wales, Florida facility. It markets its feed phosphate primarily under the brand names of Biofos and Nexfos. The Company produced approximately 8.7 million tons of concentrated phosphate crop nutrients during 2014.

The Company’s phosphate rock production totaled approximately 14.0 million tons in fiscal 2014. Its wholly owned phosphate mines and related mining operations are located in central Florida. The Company operates four mines with a combined annual capacity of approximately 17.2 million tons. The Company’s active phosphate mines are located in Bone Valley Member of the Peace River Formation in the Central Florida Phosphate District. The southern portions of the Four Corners and Wingate mines are in the Undifferentiated Peace River Formation.

The Company uses the molten sulfur at its phosphates concentrates plants to produce sulfuric acid for use in its production of phosphoric acid. The Company purchases most of this sulfur from North American oil and natural gas refiners who are required to remove or recover sulfur during the refining process. The Company owns and operates sulfur terminals in Houston, Texas and Riverview, Florida. The Company also leases terminal space in Tampa, Florida and Galveston and Beaumont, Texas. It also 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.

The Company uses ammonia together with phosphoric acid to produce Diammonium Phosphate (DAP), Monoammonium Phosphate (MAP) and MicroEssentials (MES). It used approximately 1.5 million tons of ammonia during 2014. Ammonia for its New Wales and Riverview plants is terminaled through an owned ammonia facility at Port Sutton, Florida. Ammonia for its Bartow plant is terminaled through another ammonia facility owned and operated by a third party at Port Sutton, Florida. The Company produces ammonia at Faustina, Louisiana primarily for its own consumption. Its annual capacity is approximately 500,000 tons. The Company has an approximate 62% interest in a joint venture in Paranagua, Brazil, which includes a plant that produces up to 500,000 tons per year of single superphosphate (SSP) and granulated SSP crop nutrients by mixing sulfuric acid with purchased phosphate rock.

Potash

The Company sells potash throughout North America and internationally, principally as fertilizer, but also for use in industrial applications and as animal feed ingredients. The Company mines and processes potash in Canada and the United States and sells potash in North America and internationally. The Company's potash products are marketed across the world to crop nutrient manufacturers, distributors and retailers and are also used in the manufacture of mixed crop nutrients and in animal feed ingredients. It 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. During 2014, the Company operated 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. Its potash annualized operational capacity totals approximately 10.5 million tons of products per year.

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. Its potash mines in Canada produce muriate of potash (MOP). Its Canadian operations produce 12 different MOP products, including industrial grades. In the United States, the Company has a shaft mine located in Carlsbad, New Mexico. The ore reserves at its Carlsbad mine are made up of langbeinite, a double sulfate of potassium and magnesium. At the Carlsbad refinery, the Company produces Double sulfate of potash magnesia, which the Company markets under its brand name K-Mag and contains sulfur potassium and magnesium with low levels of chloride.

Company Address

Mosaic Co

3033 Campus Dr Ste E490
PLYMOUTH   MN   55441-2655
P: +1763.5772700
F: +1763.5592860

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