Mosaic Endures Shaky Phosphates Market in Fiscal First-Quarter 2013,
but Sees Solid Sales in Coming Year, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 10/03/12 -- Researched by
Industrial Info Resources (Sugar Land, Texas) -- Leading miner and
fertilizer producer The Mosaic Company (NYSE:MOS) (Plymouth,
Minnesota) reported overall declines in the first quarter of the
company's fiscal year 2013, as lower phosphate sales volumes and
prices, as well as difficult weather conditions, offset steady gains
in the Potash segment. Net earnings were reported to be $429.4
million, an 18.37% decrease from the first quarter of fiscal year
2012. Industrial Info is tracking 34 active Mosaic projects that are
worth a total of more than $7 billion, including a $500 million
addition at a potash mine in Colonsay, Saskatchewan, and a $33
million addition at a potash mine in Belle Plaine, Saskatchewan.
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