The Mosaic Company

The Mosaic Company
Traded as NYSE: MOS
S&P 500 Component
Industry Agriculture
Founded October 22, 2004 (2004-10-22), through combination of IMC Global Inc. and Cargill, Incorporated
Headquarters Plymouth, Minnesota, U.S.
Key people
Robert L. Lumpkins
(Chairman of the Board)
James “Joc” C. O’Rourke
(President & CEO)
Anthony T. Brausen
(Senior VP & Interim CFO)
Products Phosphate
Revenue US$ 7.41 billion (2017)
US$ 465.7 million (2017)
US$ -104.2 million (2017)
Total assets US$ 18.63 billion (2017)
Total equity US$ 9.64 billion (2017)
Number of employees
~8,500 (2017)
Footnotes / references

The Mosaic Company is a Fortune 500 company based in Plymouth, Minnesota which mines phosphate and potash, and is the largest U.S. producer of potash and phosphate fertilizer.[2]


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 Plymouth, Minnesota and it employs approximately 15,000 people in eight countries.[3]



Mosaic has approximately 10.4 million tonnes of operational potash capacity.[3] Mosaic currently operates five potash mines; Belle Plaine, Colonsay, Esterhazy K1, Esterhazy K2 and Carlsbad, with a 6th potash mine recently purchased in Brazil during the Vale Fertilizantes acquisition. Esterhazy K3 is currently in construction and is expected to supply K1 and K2 surface facilities with ore upon completion.[4]

Product from its Canadian mines is exported through Canpotex, an export association of Canadian potash producers.

Potash mines are located in:[5]


Mosaic has approximately 16.8 million tonnes of operational capacity for finished concentrated phosphates.[3] 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.[6] 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.[7]

Phosphate mines are located in the Bone Valley Formation of the Peace River watershed in Central Florida:[5]

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.[8]



  • January: Mosaic completes acquisition of Vale Fertilizantes.[9]


  • August: Joc O'Rourke succeeds Jim Prokopanko as Mosaic's President and CEO.[10]


  • December: Mosaic acquires Archer Daniels Midland Company's (ADM) fertilizer distribution business in Brazil and Paraguay.[11]
  • July: Cargill acquired Mosaic's Hersey, Michigan salt plant.[12]


  • November: Mosaic closed the potash operations at their Hersey, Michigan facility.[12]


  • May: Mosaic and Cargill complete the transaction to split off and distribute Cargill's stake in Mosaic.[13]
  • January: Mosaic and Cargill agree to split off and orderly distribute Cargill's stake in Mosaic.[14]


  • January: Jim Prokopanko succeeds Fritz Corrigan as President and CEO of Mosaic.[15]


  • July: Jim Prokopanko named Mosaic Chief Operating Officer.[16]


  • October: The Mosaic Company (NYSE: MOS) begins trading on the New York Stock Exchange.[17]
  • June: Mosaic announced as the chosen name for the newly formed company.
  • January: The crop nutrition business of Cargill, Inc. and IMC Global enter into a definitive agreement to form a new crop nutrition company.[18]


  1. "US SEC: Form 10-K The Mosaic Company". U.S. Securities and Exchange Commission. Retrieved March 7, 2018.
  2. "Bloomberg, Mosaic Says Fertilizer Prices to Remain 'Challenging' Into 2014, 5 November 2013".
  3. 1 2 3 "Facts about Mosaic".
  4. "Esterhazy K3".
  5. 1 2 "Global Presence Map". Retrieved February 20, 2013.
  6. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile -". U.S.
  7. "Mosaic buys CF Industries' Tampa area phosphate facilities". 28 October 2013.
  8. "Mosaic: Vale Fertilizantes Deal Repricing A Tailwind". Seeking Alpha.
  9. "Mosaic Completes Acquisition of Vale Fertilizantes". Retrieved 23 April 2018.
  10. "Joc O'Rourke To Succeed Jim Prokopanko As Mosaic President And CEO". Retrieved February 3, 2016.
  11. "Mosaic completes acquisition of ADM fertilizer distribution business".
  12. 1 2 "Cargill acquires Hersey salt business".
  13. "Mosaic Company Form 8-K12B, Filing May 25, 2011" (PDF). Retrieved February 20, 2013.
  14. "Cargill to Split Off 64% Stake in Mosaic to Holders". Bloomberg. Retrieved February 20, 2013.
  15. "Mosaic Company Form 8-K, Filing October 3, 2006" (PDF). Retrieved February 20, 2013.
  16. "Mosaic Company Form 8-K, Filing July 12, 2006" (PDF). Retrieved February 20, 2013.
  17. "The Mosaic Company Launches Today as Newest Fortune 500-sized, NYSE-listed firm" (PDF). October 25, 2004. Retrieved February 23, 2013.
  18. "Cargill and IMC Global to Combine Fertilizer Units". The New York Times. Retrieved February 20, 2013.
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