Mosaic Fertilizantes, the Brazil-based business unit of The Mosaic Company (NYSE:MOS), today announced that it has resumed mining activities at its Catalao mine in the state of Goias. The mine is operating at full capacity.
“We are pleased that Catalao has returned to full production,” said Mosaic President and CEO Joc O’Rourke. “We have continued to meet our customers’ needs while Catalao 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 Catalao 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.
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SOURCE: The Mosaic Company
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