SÃO PAULO--(BUSINESS WIRE)--
Mosaic Fertilizantes, the Brazil-based business unit of The Mosaic
Company (NYSE: MOS), today announced that it has resumed mining
activities at its Catalão mine in the state of Goiás. The mine is
operating at full capacity.
“We are pleased that Catalão has returned to full production,” said
Mosaic President and CEO Joc O’Rourke. “We have continued to meet our
customers’ needs while Catalão and other mines have been idled, and we
believe that we will return to full operation across our Brazilian mines
by the end of the third quarter.”
The Catalão mine was idled for two months while the company worked to
bring its mine tailings dam into compliance with new Brazilian
regulation.
In addition, the first of two dams at the company’s Tapira mine received
a certificate of safety. The second dam at Tapira is expected to receive
its safety certificate during the third quarter, when the mine will
return to full production.
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/20190528005432/en/
Media
Ben Pratt
The Mosaic Company
813-284-1715
benjamin.pratt@mosaicco.com
Investors
Laura Gagnon
The Mosaic Company
763-577-8213
investor@mosaicco.com
Source: The Mosaic Company