The Mosaic Company

Last updated
The Mosaic Company
Type Public
Industry
Predecessor IMC Global
Cargill (crop nutrition division)
FoundedOctober 22, 2004;19 years ago (2004-10-22), through combination of IMC Global Inc. and Cargill, Incorporated
HeadquartersTampa, Florida, U.S.
Key people
  • Gregory L. Ebel
  • (Chairman)
  • Joc O’Rourke
  • (President & CEO)
Products
RevenueIncrease2.svg US$ 12.36 billion (2021) [1]
Increase2.svg US$ 465.7 million (2017)
Increase2.svg US$ 1.6 billion (2021)
Total assets Increase2.svg US$ 22.04 billion (2021)
Total equity Increase2.svg US$ 10.75 billion (2021)
Number of employees
~13,000 (2021)
Website MosaicCo.com
Footnotes /references
[2]

The Mosaic Company is a Fortune 500 company based in Tampa, Florida which mines phosphate, potash, and collects urea for fertilizer, through various international distribution networks, [3] and Mosaic Fertilizantes. [4] It is the largest U.S. producer of potash and phosphate fertilizer. [5]

Contents

Overview

The Mosaic Company was formed in October 2004 by a merger between IMC Global, a fertilizer company formed in 1909, and Cargill's crop nutrition division. It is a combined producer and marketer of concentrated phosphate and potash with a customer base which includes wholesalers, retail dealers and individual growers worldwide. Its headquarters are in Tampa, Florida and it employs approximately 13,000 people in eight countries. [6]

Products

Potash

K3 North Shaft headframe. Esterhazy, Saskatchewan Mosaic Company - K3 North Shaft Headframe.jpg
K3 North Shaft headframe. Esterhazy, Saskatchewan

Mosaic has approximately 10.4 million tonnes of operational potash capacity. [6] Mosaic currently owns potash mines or surface mills at; Belle Plaine, Colonsay, Esterhazy K1, Esterhazy K2, Esterhazy K3 and Carlsbad, with another potash mine recently purchased in Brazil during the Vale Fertilizantes acquisition. Colonsay mine and mill has been indefinitely idled and is currently in care and maintenance mode. Esterhazy K3, currently in development, consists of an underground mine and service/production shafts separate from the K1 and K2 underground mine that is beginning to supply the K1 and K2 surface facilities with ore. [7] Esterhazy K3 does not have surface milling and storage facilities, instead it is intended to replace the ore currently mined from the K1 and K2 mine. This shift in production will decrease brine management costs of the K1 and K2 mine, which stood at $108.0 million for 2020.

Mosaic is a member of Canpotex, an export association of Canadian potash producers through which they sell their Canadian potash outside the U.S. and Canada.

Potash mines are located in: [8]

Phosphate

Mosaic has approximately 16.8 million tonnes of operational capacity for finished concentrated phosphates. [6] Mosaic is the largest producer of finished phosphate products with an annual capacity greater than the next two largest producers combined. It has a global distribution network made up of plants, port facilities, warehouses and sales offices. In 2013 Mosaic produced 7.6 million tons of concentrated phosphate crop nutrients and over 15 million tons of phosphate rock production. [9] In October, 2013, Mosaic reached an agreement to purchase the phosphate operations of CF Industries for 1.4 billion dollars, which eliminates the need for Mosaic to spend an additional billion dollars to build a new processing facility in Hardee County, Florida to process the rock from their mines in that area. [10]

Phosphate mines are located in the Bone Valley Formation of the Peace River watershed in Central Florida: [8]

Mosaic owns a 25% stake of the Ma'aden Wa'ad Al Shamal Phosphate Company joint venture in Saudi Arabia.

With the completion of the Vale Fertilizantes acquisition in January, 2018, an additional 5 Brazilian phosphate rock mines, 4 chemical plants and an additional 40% economic interest in the Miski Mayo mine were purchased. [11]

Carbon footprint

The Mosaic Company reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 4,920 Kt (+340/+7.4% y-o-y). [12] There is little evidence of a consistent declining trend as yet.

The Mosaic Company's Total CO2e emissions (Direct + Indirect) (in kilotonnes)
Dec 2018Dec 2019Dec 2020
5,270 [13] 4,580 [14] 4,920 [12]

Timeline

2023

2018

2015

2014

2013

2011

2007

2006

2004

Related Research Articles

<span class="mw-page-title-main">Potash</span> Salt mixture

Potash includes various mined and manufactured salts that contain potassium in water-soluble form. The name derives from pot ash, plant ashes or wood ash soaked in water in a pot, the primary means of manufacturing potash before the Industrial Era. The word potassium is derived from potash.

<span class="mw-page-title-main">Agrium</span>

Agrium was a major retail supplier of agricultural products and services in North America, South America and Australia and a wholesale producer and marketer of all three major agricultural nutrients and a supplier of specialty fertilizers in North America.

<span class="mw-page-title-main">Vale S.A.</span> Multinational diversified metals and mining corporation

Vale S.A., formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt, currently operating nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.

<span class="mw-page-title-main">PotashCorp</span> Company

The Potash Corporation of Saskatchewan, also known as PotashCorp, was a company based in Saskatoon, Saskatchewan. The company merged with Calgary-based Agrium to form Nutrien, in a transaction that closed on January 1, 2018.

<span class="mw-page-title-main">Bone Valley</span>

The Bone Valley is a region of central Florida, encompassing portions of present-day Hardee, Hillsborough, Manatee, and Polk counties, in which phosphate is mined for use in the production of agricultural fertilizer. Florida currently contains the largest known deposits of phosphate in the United States.

<span class="mw-page-title-main">Esterhazy, Saskatchewan</span> Town in Saskatchewan, Canada

Esterhazy is a town in the south-eastern part of the Canadian province of Saskatchewan, 83 kilometres (52 mi) south-east of Yorkton along Highways 22 and 80. The town is in the Rural Municipality of Fertile Belt No. 183.

Binscarth is an unincorporated urban community in the Municipality of Russell – Binscarth, Manitoba. It is located approximately 167 km (104 mi) northwest of Brandon, 16 km (9.9 mi) south from Russell, and 16 km (10 mi) east of the Saskatchewan border.

Langenburg is a town in the rural municipality of Langenburg No. 181, located within the Saskatchewan Association of Rural Municipalities SARM Division No. 1 and Census Division No. 5, in the Canadian province of Saskatchewan.

Pantothenate kinase (EC 2.7.1.33, PanK; CoaA) is the first enzyme in the Coenzyme A (CoA) biosynthetic pathway. It phosphorylates pantothenate (vitamin B5) to form 4'-phosphopantothenate at the expense of a molecule of adenosine triphosphate (ATP). It is the rate-limiting step in the biosynthesis of CoA.

<span class="mw-page-title-main">Belle Plaine, Saskatchewan</span> Village in Saskatchewan, Canada

Belle Plaine is a village in the Canadian province of Saskatchewan within the Rural Municipality of Pense No. 160 and Census Division No. 6. Belle Plaine is located on Highway 1, 21 kilometres east of the City of Moose Jaw in south-central Saskatchewan. Buffalo Pound Provincial Park and Regina Beach are located near Belle Plaine.

<span class="mw-page-title-main">Colonsay, Saskatchewan</span> Town in Saskatchewan, Canada

Colonsay is a town in the Rural Municipality of Colonsay No. 342, in the Canadian province of Saskatchewan. Colonsay is located on Highway 16 running east–west in central Saskatchewan near the intersection with Highway 2.

<span class="mw-page-title-main">Bredenbury, Saskatchewan</span> Town in Saskatchewan, Canada

Bredenbury is a town in the rural municipality of Saltcoats No. 213, in the Canadian province of Saskatchewan. Bredenbury is located on Highway 16 in eastern Saskatchewan. As of the 2016 Canadian Census, the population of Bredenbury was 372. The main industries in the area are farming and potash mining near Esterhazy. The community is known in the area for its enthusiastic Christmas light displays which have won national awards.

<span class="mw-page-title-main">Uralkali</span> Russian fertilizer producer

Uralkali is a Russian potash fertilizer producer and exporter. It is traded on the Moscow Exchange using the symbol, URKA. The company's assets consist of five mines and seven ore-treatment mills situated in the towns of Berezniki and Solikamsk. Uralkali employs about 12,000 people.

<span class="mw-page-title-main">Intrepid Potash</span> Fertilizer manufacturing company based in Denver, Colorado, United States

Intrepid Potash, Inc., based in Denver, Colorado, is a fertilizer manufacturer. The company is the largest producer of potassium chloride, also known as muriate of potash, in the United States. It owns three mines, all in the Western U.S., near the cities of Carlsbad, New Mexico; Moab, Utah; and Wendover, Utah.

The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill and his son-in-law John H. MacMillan Sr. The Cargill-MacMillan family is the fourth-wealthiest family in America. Descendants of Cargill and MacMillan have owned common equity in the "agribusiness giant" Cargill Inc, one of the largest privately owned corporations in the United States, for over 140 years. William Cargill founded the Cargill company as an Iowa grain storage business in 1865, during the post–Civil War period, and was its CEO for almost 40 years. Following the death of William Cargill in 1909, his son-in-law John MacMillan steered the company out of a debt crisis and into stability. The two branches of the family—the MacMillans and the Cargills—continue to be represented on the board of directors of Cargill Incorporated. The most recent family members appointed to the board are fifth generation.

Coloured Ties Capital Inc., formerly known as GrowMax Resources, is a Canadian mining and speciality chemicals and minerals company.

EuroChem Group AG is a Swiss fertilizer producer. It is a fertilizer manufacturer with its own capacity in all three primary nutrients – nitrogen, phosphates and potash. It is headquartered in Zug, Switzerland.

<span class="mw-page-title-main">IMC Global</span> US-based mining and production company

IMC Global was a mining and production company, formerly listed on the S&P MidCap 400. It was founded in 1909 as International Agricultural Corporation. In 2004, IMC Global merged with Cargill, Inc.'s crop nutrition division to form The Mosaic Company, a crop nutrition company.

The Rocanville mine is a large potash mine located in southern Canada in Saskatchewan. Rocanville represents one of the largest potash reserves in Canada having estimated reserves of 1.13 billion tonnes of ore grading 22.5% potassium oxide equivalent.

<span class="mw-page-title-main">Nutrien</span> Canadian fertilizer company

Nutrien is a Canadian fertilizer company based in Saskatoon, Saskatchewan. It is the largest producer of potash and the third largest producer of nitrogen fertilizer in the world. It has over 2,000 retail locations across North America, South America, and Australia with more than 23,500 employees. It is listed on the Toronto Stock Exchange and New York Stock Exchange, with a market capitalization of $34 billion as of January 2018. It was formed through the merger of PotashCorp and Agrium, in a transaction that closed on January 1, 2018.

References

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  4. "Mosaic (MOS)". Forbes. Retrieved 2020-05-21.
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  7. "Esterhazy K3". Archived from the original on 2018-02-15. Retrieved 2018-02-14.
  8. 1 2 "Global Presence Map". Archived from the original on February 26, 2019. Retrieved February 20, 2013.
  9. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile - Reuters.com". U.S.{{cite web}}: |first= has generic name (help)
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  19. 1 2 "Cargill acquires Hersey salt business".
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