The Mosaic Company
| Company type | Public |
|---|---|
| Industry | Chemicals, Fertilizers, Mining |
| Predecessor | IMC Global, Cargill crop nutrition division |
| Founded | October 2004 |
| Headquarters | Tampa , United States |
Area served | Worldwide |
Key people | Bruce Bodine (CEO, from January 1, 2024) |
| Products | Potash, phosphate fertilizers, urea |
Number of employees | 13,000 (2023) |
| Website | www |
The Mosaic Company is a U.S.-based chemical enterprise headquartered in Tampa, Florida, focused on the extraction of phosphate and potash, along with the manufacture of urea utilized in fertilizers. It maintains a broad international distribution system, including its subsidiary Mosaic Fertilizantes, and is recognized as the leading producer of potash and phosphate fertilizers within the United States.
Overview
Established in October 2004 through the consolidation of IMC Global—a fertilizer firm founded in 1909—and the crop nutrition division of Cargill, The Mosaic Company integrates the manufacturing and marketing of concentrated phosphate and potash products. Serving a diverse clientele comprising wholesalers, retail dealers, and agricultural producers globally, the company employs approximately 13,000 individuals across eight nations, with its main office located in Tampa, Florida.
Potash
Mosaic’s potash production capacity is around 10.4 million tonnes, supported by ownership of mining operations and processing facilities at sites such as Belle Plaine, Colonsay (currently on care and maintenance), Esterhazy K1, K2, K3 (under development), and Carlsbad. The portfolio also includes a recently acquired Brazilian mine from the Vale Fertilizantes purchase. The underground Esterhazy K3 mine is designed to supply ore to surface plants K1 and K2, thereby lowering brine management expenses, which amounted to $108 million in 2020.
As part of Canpotex, Mosaic participates in exporting Canadian potash to markets outside the U.S. and Canada.
Principal potash mine locations are:
- Carlsbad, New Mexico
- Belle Plaine, Saskatchewan
- Colonsay, Saskatchewan (currently maintained)
- Esterhazy, Saskatchewan K1, K2, K3
Phosphate
With an operational capacity near 16.8 million tonnes for concentrated phosphate products, Mosaic stands as the world’s largest producer—its capacity surpassing that of the next two competitors combined. Its extensive global distribution network comprises processing plants, ports, warehouses, and sales offices. In 2013 alone, the company generated 7.6 million tons of concentrated phosphate nutrients alongside over 15 million tons of phosphate rock.
In 2013, Mosaic expanded by acquiring CF Industries’ phosphate operations for $1.4 billion, circumventing a $1 billion capital expenditure on a new processing plant in Florida.
Phosphate mining operations are concentrated within Central Florida’s Bone Valley Formation at:
- Fort Meade, Florida
- South Pasture, Florida
- Four Corners, Florida
- Wingate Creek, Florida
- Fort Lonesome, Florida (now closed)
Mosaic holds a 25% ownership interest in the Ma'aden Wa'ad Al Shamal Phosphate Company joint venture located in Saudi Arabia.
The acquisition of Vale Fertilizantes in 2018 incorporated five Brazilian phosphate mines and four chemical plants into Mosaic’s portfolio while increasing its stake in the Miski Mayo mine by 40%.
Carbon footprint
As of December 31, 2020, The Mosaic Company reported combined direct and indirect CO2e emissions totaling 4,920 kilotonnes—a rise of 7.4% compared to the previous year.
| December 2018 | December 2019 | December 2020 |
|---|---|---|
| 5,270 | 4,580 | 4,920 |
Timeline
2023
- August: Bruce Bodine was selected by the Board to replace Joc O'Rourke as CEO effective January 1, 2024; Bodine immediately assumed roles as President and Board Member.
2018
- January: Finalized acquisition of Vale Fertilizantes to broaden international operations.
2015
- August: Joc O'Rourke appointed President and CEO following Jim Prokopanko’s departure.
2014
- December: Acquired fertilizer distribution businesses from Archer Daniels Midland Company in Brazil and Paraguay to enhance South American market presence.
- July: Divested Hersey salt plant in Michigan to Cargill as part of strategic portfolio realignment.
2013
- November: Ceased potash production at Hersey facility in Michigan to optimize operations.
2011
- May: Completed sale of Cargill’s Mosaic shares finalizing corporate separation.
- January: Agreement reached to separate Cargill’s controlling 64% stake.
2007
- January: Jim Prokopanko named President and CEO to lead strategic growth initiatives.
2006
- July: Jim Prokopanko appointed Chief Operating Officer preparing for executive leadership transition.
2004
- October: The Mosaic Company began trading on the New York Stock Exchange under ticker NYSE: MOS.
- June: Adopted The Mosaic Company name following merger completion.
- January: Combined Cargill’s crop nutrition unit with IMC Global forming a new entity aimed at expanding market influence and business scale.
External links
- Articles with short description
- Corporations traded on the New York Stock Exchange
- Cargill
- Fertilizer manufacturers in the United States
- Companies headquartered in Tampa, Florida
- Phosphate mining operations in the United States
- U.S. mining corporations
- Canadian mining firms
- Potash extraction sites
- American enterprises founded in 2004
- Non-renewable resource firms established in 2004
- Florida-based companies founded in 2004
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- American companies established in 2004
- Companies of the United States by year of establishment