Mosaic Announces Completion of Sale of Phosphate Mining Unit in Brazil to Fosfatados Centro
-
Czech Lehecka beats France's Fils to reach Miami Open final
-
No pressure? Pochettino urges US co-hosts to 'play free' at World Cup
-
Duckett eager to show hunger for England success after Ashes flop
-
'We are ready': astronauts arrive at launch site for Moon mission
-
Fishy trades before major news spark insider trading allegations
-
Tiger Woods involved in Florida car crash: reports
-
WTO reform talks coming to the crunch
-
Renaissance master Raphael honored at New York's Met museum
-
At 'Davos of energy', AI looks to gas to power its rapid expansion
-
Israel hits Iran nuclear sites as Washington trails end to war
-
US court overturns $16.1 bn judgment against Argentina over oil firm seizure
-
England quick Tongue backs Cooley to make him a better bowler
-
Stand at new Inter Miami stadium to be named for Messi
-
G7 urges end to attacks on civilians in Middle East war
-
Mideast war leaves 6,000 tonnes of tea stuck at Kenya port
-
US and Israel hit nuclear sites as Rubio trails end to Iran war
-
Van der Poel holds on for third straight E3 Classic victory
-
Missing aid boats 'safely' crossed to Cuba: US Coast Guard
-
'Everyone knows we are African champions', insists Senegal coach
-
China used fake LinkedIn profiles to spy on NATO, EU: security source
-
Djokovic withdraws from Monte-Carlo Masters
-
English rugby chief says no talks with Farrell 'at present'
-
G7 ministers urge end to attacks against civilians in Mideast war
-
Overnight petrol queues in Ethiopia as war shortages hit
-
Bahrain cracks down on Shia dissent as Iran war tests kingdom
-
Under threat of dying out, Turkish Armenian evolves through art
-
Brazil's Bolsonaro leaves hospital, starts house arrest for coup attempt
-
French Olympic ice dance champions lead at worlds
-
Mexico searches for missing Cuba aid boats
-
Vingegaard takes Tour of Catalonia lead with stage five win
-
Russia labels 'Mr Nobody Against Putin' teacher a 'foreign agent'
-
Belgian diplomat appeals to avoid trial over Congo leader's murder
-
Whale filmed giving birth, with a little help from her friends
-
France calls Olympic gender test 'a step backwards', other countries approve
-
E-commerce in the crosshairs at WTO in digital taxes battle
-
Volkswagen in talks with defence firms on use of Germany plant: CEO
-
Oil climbs, stocks fall as markets see no end to war
-
Lebanon at real risk of 'humanitarian catastrophe': UN
-
Iran warns civilians as Trump says talks 'going well'
-
Tehran accuses US of 'calculated' assault on school
-
Putin hopes Iran war will shift focus from 'crimes' in Ukraine: German FM
-
Ex-England manager Hodgson, 78, returns as Bristol City boss
-
Police probe firebomb attack on Russian centre in Prague
-
Diamond League athletics meet in Doha still slated for May 8 - organisers
-
Belgium's Goffin to retire at end of season
-
World Cup boost as late goal earns Australia 1-0 win over Cameroon
-
German state railway loss widens, passengers warned of trouble ahead
-
'I'll never be the same': Iranians recount one month of war
-
Back-to-back World Cup titles a 'dream' for Argentina, says Tagliafico
-
Japan to boost coal-fired power as Mideast war causes energy turmoil
Mosaic Announces Completion of Sale of Phosphate Mining Unit in Brazil to Fosfatados Centro
TAMPA, FL, DC / ACCESS Newswire / October 6, 2025 / The Mosaic Company (NYSE:MOS) announced today the completion of its previously announced transaction with Fosfatados Centro SPE Ltda. ("Fosfatados Centro") for the sale of its idled Patos de Minas phosphate mining unit in Brazil. Under terms of the final deal, Fosfatados Centro will assume responsibility for the mine and tailings dams in Patos de Minas, paying Mosaic USD $111 million in cash, with $51 million paid at closing and the balance of the purchase price to be paid in installments over the next four years. Mosaic expects to record a book gain related to the transaction of $80-90 million in the fourth quarter of 2025.
"We are pleased to announce the completion of the sale of our Patos de Minas mine which allows us to redeploy capital to higher-returning areas to make Mosaic more agile and competitive. We expect Fosfatados Centro will restart the mining complex to supply phosphates to the Brazilian agricultural communities. We would like to thank all employees once again for their dedicated efforts at this facility over the past few years." said Karen Swager, Mosaic's Executive Vice President, Operations.
"This agreement is an important initiative for the supply of specially customized phosphate fertilizers to the Cerrado of the Central-West, similar to what we already do successfully in MATOPIBA, in addition to representing another advancement in the National Fertilizer Plan," said Rodolfo Galvani Júnior, owner of Fosfatados Centro.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Through its Mosaic Biosciences platform, the company is also advancing the next generation biological solutions to help farmers improve nutrient use efficiency and crop performance sustainably. Mosaic provides a single-source supply of phosphate, potash, and biological products for the global agriculture industry. More information on the company is available at www.mosaicco.com.
Contacts:
Investors:
Jason Tremblay,
813-775-4282
[email protected]
Joan Tong, CFA, 863-640-0826
[email protected]
Media:
Ben Pratt, 813-775-4206
[email protected]
This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about the sale of Patos de Minas phosphate assets in Brazil; the potential financial and operational impacts of the sale and redeployment of assets to high returning areas; and expectations regarding the Company's future and strategic direction. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to, changes in market conditions; and operational disruptions; as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.
SOURCE: The Mosaic Company
View the original press release on ACCESS Newswire
P.Mathewson--AMWN
