Welcome to our dedicated page for Mosaic news (Ticker: MOS), a resource for investors and traders seeking the latest updates and insights on Mosaic stock.
The Mosaic Company (NYSE: MOS) is publicly described as one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients, with additional focus on biological products through its Mosaic Biosciences platform. This news page aggregates company announcements, regulatory disclosures, and other updates that shed light on Mosaic’s operations, capital decisions, and role in the global agriculture supply chain.
Recent Mosaic news has covered a range of topics, including asset sales, production decisions, financing activities, and safety updates. For example, the company has announced a definitive agreement to sell Mosaic Potash Carlsbad, Inc., which includes its Carlsbad, New Mexico potash mine, to International Minerals Carlsbad, LLC, and the completed sale of Mosaic Potássio Mineração Ltda., operator of the Taquari-Vassouras potash mine in Brazil, to VL Mineração Ltda. Mosaic has also reported phosphate production curtailments in Brazil in response to changes in sulfur prices, reflecting how input costs can influence fertilizer production decisions.
Investors and observers can also find news about Mosaic’s financial policies and capital structure, such as recurring announcements of quarterly dividends on its common stock and the completion of an underwritten public offering of senior notes with maturities in 2029 and 2030. Safety and operational integrity feature in updates like the company’s communication regarding a ground fall incident at its Esterhazy K3 site, where Mosaic emphasized employee well-being and regulatory review.
Policy and market context appear in releases welcoming the addition of phosphate and potash to the U.S. Critical Minerals List, highlighting their importance to food production and national security. By following this news feed, readers can monitor developments in Mosaic’s fertilizer and biological product activities, asset portfolio, financing, and regulatory environment over time.
The Mosaic Company (NYSE:MOS) announced the immediate closure of its K1 and K2 potash mine shafts at Esterhazy, necessitated by accelerated brine inflows. This change is part of the transition to K3 and will enable the company to resume production at Colonsay, recalling workers soon. The move is expected to increase potash production by 2 million tonnes annually by 2022. In the second quarter, Mosaic anticipates costs of $20-$25 million for brine management and $80-$100 million in noncash asset write-downs. The company aims for 10.5 million tonnes of operational capacity by mid-2022.
The Mosaic Company (NYSE:MOS) has declared a quarterly dividend of $0.075 per share, scheduled for payment on June 17, 2021. Shareholders of record as of June 3, 2021 will receive this dividend. Future dividends will be subject to the Board of Directors' approval, indicating that there are no guarantees for subsequent dividends. Mosaic is a prominent provider of phosphate and potash fertilizers, supporting global agriculture.
The Mosaic Company (NYSE:MOS) reported its sales revenue and volumes for April 2021. In the Potash segment, sales volumes decreased to 741,000 tonnes from 914,000 tonnes in April 2020, generating $198 million in revenue, slightly down from $200 million. Conversely, Mosaic Fertilizantes saw sales volumes drop to 459,000 tonnes from 592,000 tonnes, but revenue increased to $205 million from $173 million. The Phosphates segment reported stable sales volumes of 744,000 tonnes and a significant revenue rise to $407 million from $258 million. Other remarks include logistical delays impacting volume recognition.
The Mosaic Company (NYSE:MOS) reported its first-quarter earnings for 2021, demonstrating its position as a leading producer of concentrated phosphate and potash crop nutrients. The earnings release includes comments and supplemental materials available online. A fireside chat addressing investor questions is scheduled for May 4, 2021, at 11:00 a.m. ET. Additionally, Mosaic has published a Market Update presentation for May 2021. The company continues to serve the global agriculture sector with its fertilizers and feed ingredients.
The Mosaic Company (NYSE:MOS) will release its 2021 Q1 earnings on May 3, 2021, after market close. Earnings materials will be accessible on their website, including commentary and performance data. Questions can be emailed until May 3 at 7:30 p.m. ET for the leadership team to address during the conference call on May 4 at 11:00 a.m. ET. There will be a replay available for the call for one year following the event. More details are provided in the press release.
Mosaic Company (NYSE:MOS) and AgBiome have announced a strategic collaboration aimed at enhancing soil fertility through innovative biological solutions. Utilizing AgBiome's GENESIS™ platform, the partnership seeks to leverage a diverse range of microbes and Mosaic's extensive expertise in soil health. Both companies aim to address the growing demand for sustainable agricultural practices, which enhance crop quality while minimizing environmental impact. This collaboration aligns with Mosaic's broader strategy to expand its soil health offerings and meet the evolving needs of growers.
The U.S. International Trade Commission has completed an investigation revealing that subsidized phosphate fertilizer imports from Morocco and Russia have negatively impacted the U.S. phosphate industry. Consequently, the U.S. Department of Commerce will enforce countervailing duty orders on these imports for at least five years. Expected cash deposit rates include approximately 20% for Moroccan producer OCP and between 9% to 47% for Russian producers PhosAgro and EuroChem. Mosaic's CEO believes this ruling supports American farmers by fostering a competitive fertilizer market.
The Mosaic Company (NYSE:MOS) has announced a 50% increase in its annual dividend target, raising it from $0.20 to $0.30 per share, with the next declaration expected in May 2021. This increase is attributed to a reduced expense base and lower capital spending as the Esterhazy K3 mine project nears completion. CEO Joc O'Rourke emphasized this commitment to shareholders. However, the future declaration of dividends is subject to the approval of the Board of Directors, depending on the company's financial performance and available cash resources.
The Mosaic Company (NYSE:MOS) reported its February 2021 sales revenue and volumes, indicating growth in its potash and phosphates segments compared to February 2020. For potash, sales volumes reached 617,000 tonnes, generating $143 million in revenue, an increase from 489,000 tonnes and $118 million in February 2020. Mosaic Fertilizantes saw 711,000 tonnes in sales volumes and $261 million in revenues, slightly up from 737,000 tonnes and $255 million the previous year. Phosphates also experienced growth with 614,000 tonnes sold generating $297 million.
The Mosaic Company (NYSE:MOS) has partnered with Sound Agriculture to develop a new nutrient efficiency product aimed at enhancing crop yields while improving soil health in North and South America. This collaboration will leverage bio-inspired chemistry and micronutrients to optimize fertilizer use in crops like corn and soybeans, launching in the U.S. by 2023. The partnership aims to address economic and environmental waste associated with fertilizer excess, benefitting growers and promoting sustainable agriculture practices.