PLYMOUTH, Minn.--(BUSINESS WIRE)--
The Mosaic Company (NYSE: MOS) today announced that it has acquired the
U.S. Army Corps of Engineers 404 permit for its Ona phosphate mine
project in Hardee County, Florida. This was the final remaining permit
for the project and secures 160.2 million tons of phosphate rock for
future mining. The overall project covers 22,483 acres with 16,778 acres
of land permitted for mining. The western extent of the project will
extend the life of Mosaic’s Four Corners mine by fourteen years, while
the eastern extent will provide mining for future decades at the South
Pasture mine once production resumes at that facility.
“This important project helps secure the continued operation of our
Florida manufacturing facilities,” said Mosaic President and CEO Joc
O’Rourke. “It will deliver tremendous value to the local community, our
employees and our investors well into the future.”
Permitting efforts for the Ona project began in 2011. Mining permits
from the State of Florida were issued in 2015 and local government
permits were secured in July, 2018.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers
of concentrated phosphate and potash crop nutrients. Mosaic is a
single-source provider of phosphate and potash fertilizers and feed
ingredients for the global agriculture industry. More information on the
company is available at www.mosaicco.com.
This release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to, statements about the anticipated
benefits or strategic plans and other statements about anticipated
future financial, production and operating performance. Such statements
are based upon the current beliefs and expectations of The Mosaic
Company’s management and are subject to significant risks and
uncertainties. These risks and uncertainties include, but are not
limited to: difficulties with realization of the benefits or strategic
plans; actual costs of various items differing from management’s current
estimates, price and demand volatility for our products, other changes
in market conditions, accidents and disruptions, including potential
mine fires, floods, explosions, seismic events, sinkholes or releases of
hazardous or volatile chemicals; changes in foreign currency and
exchange rates; international trade risks and other risks associated
with Mosaic's international operations, changes in government policy,
changes in environmental and other governmental regulation, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190103005749/en/
Media
Ben Pratt
The Mosaic
Company
763-577-6102
benjamin.pratt@mosaicco.com
Investors
Laura Gagnon
The
Mosaic Company
763-577-8213
investor@mosaicco.com
Source: The Mosaic Company