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Fertilizer International 525 Mar-Apr 2025

18 March 2025

Mosaic sells phosphate mine for $125 million

BRAZIL

Mosaic sells phosphate mine for $125 million

The Mosaic Company has announced the sale of its Patos de Minas phosphate mine to Fosfatados Centro SPE Ltda.

Fosfatados Centro will pay Mosaic $125 million in cash for the mine over six years. It will assume responsibility for both the Patos de Minas mine and its tailings dams, once the transaction closes.

“This transaction aligns with Mosaic’s strategy to scrutinize and monetize non-core assets and redeploy capital to high-returning areas, and we believe the full value of the Patos asset will be realized in the capable hands of Fosfatados Centro,” said Karen Swager, Mosaic’s EVP, Operations.

The transaction is subject to regulatory approval from the Brazilian Administrative Council for Economic Defense (CADE) and other conditions.

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