The Mosaic Company Enters Into Shareholders' Agreement With Ma'aden And SABIC

The Mosaic Company Enters Into Shareholders' Agreement With Ma'aden And SABIC

Companies on track to construct 3.5 million tonne phosphate operation

PR Newswire

PLYMOUTH, Minn., Aug. 5, 2013

PLYMOUTH, Minn., Aug. 5, 2013 /PRNewswire/ -- The Mosaic Company (NYSE: MOS)
today announced that it has entered into a Shareholders' Agreement with Saudi
Arabian Mining Company (Ma'aden) and Saudi Basic Industries Corporation
(SABIC) to participate in integrated phosphate production facilities in the
Kingdom of Saudi Arabia. The companies have been working toward the agreement
since a Heads of Agreement was signed in March.

Ma'aden, Mosaic and SABIC will own 60, 25 and 15 percent of the joint venture,

The estimated $7 billion greenfield project, to be known as Wa'ad Al Shamal,
or Northern Promise, Phosphate Project, will be built in the northern region
of Saudi Arabia at Wa'ad Al-Shammal Minerals Industrial City, and in Ras Al
Khair Minerals Industrial City which is located on the east coast of Saudi
Arabia. The highly cost-efficient project is expected to have a production
capacity of 3.5 million tonnes of finished phosphate per year. Operations are
expected to commence in late 2016.

Under the terms of the agreement, Mosaic will contribute expertise to the
design, construction and operations of the new facilities and acquire a 25
percent ownership stake. In connection with its equity share, Mosaic will
market approximately 25 percent of the joint venture's product, including
phosphate fertilizer and animal feed. Subject to final financing terms,
Mosaic's cash investment is expected to be up to $1 billion, funded over a
four-year period beginning in 2013.

"We are pleased with the progress on our joint venture with Ma'aden and
SABIC," said Mosaic President and Chief Executive Officer Jim Prokopanko.
"This cost-effective project will allow Mosaic to extend our ability to serve
key growing agricultural markets. Our growing global reach further enables us
to fulfill Mosaic's mission, to help the world grow the food it needs, while
delivering compelling shareholder value."

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

About Ma'aden

Ma'aden, the Saudi Arabian Mining Company, is a leading mining and metals
company in the Kingdom of Saudi Arabia, with a diverse portfolio of mineral
assets at various stages of development including exploration, development and
production. Ma'aden has a broad commodity focus spanning gold, phosphate,
aluminium, magnesia, low-grade bauxite and industrial minerals, and is
continually assessing opportunities to enter into new commodities that
demonstrate strong long-term fundamentals and opportunities for growth.
Ma'aden's objective is to become a world class diversified mining and minerals
company, and to enhance overall value for its shareholders. Ma'aden's mission
is to be a profitable, publicly owned, international mining company, while
maintaining the utmost concern for human resources, health, safety,
environmental and social issues. For more information please visit


Ranked among the world's largest petrochemicals manufacturers, SABIC is a
public company based in Riyadh, Saudi Arabia. 70% of the Company's shares are
owned by the Saudi Arabian government, with the remaining 30% held by private
investors in Saudi Arabia and other countries of the Gulf Cooperation Council.

SABIC began in 1976 by Royal decree. Today, the company has operations in over
40 countries with a global workforce of over 40,000 talented individuals.

This press 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 future financial and operating
results. 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
the predictability and volatility of, and customer expectations about,
agriculture, fertilizer, raw material, energy and transportation markets that
are subject to competitive and other pressures and economic and credit market
conditions; the level of inventories in the distribution channels for crop
nutrients; changes in foreign currency and exchange rates; international trade
risks; changes in government policy; changes in environmental and other
governmental regulation, including greenhouse gas regulation, implementation
of numeric water quality standards for the discharge of nutrients into Florida
waterways or possible efforts to reduce the flow of excess nutrients into the
Mississippi River basin or the Gulf of Mexico; further developments in
judicial or administrative proceedings, or complaints that Mosaic's operations
are adversely impacting nearby business operations or properties; difficulties
or delays in receiving, increased costs of or challenges to necessary
governmental permits or approvals or increased financial assurance
requirements; resolution of global tax audit activity; the effectiveness of
the Company's processes for managing its strategic priorities; the ability of
the Wa'ad Al Shamal Phosphate Project to obtain project financing in
acceptable amounts and upon acceptable terms, the future success of current
plans for the project and any future changes in those plans; adverse weather
conditions affecting operations in Central Florida or the Mississippi River
basin or the Gulf Coast of the United States, and including potential
hurricanes, excess rainfall or drought; actual costs of various items
differing from management's current estimates, including, among others, asset
retirement, environmental remediation, reclamation or other environmental
regulation, or Canadian resources taxes and royalties; brine inflows at
Mosaic's Esterhazy, Saskatchewan potash mine or other underground mines; other
accidents and disruptions involving Mosaic's operations, including potential
mine fires, floods, explosions, seismic events or releases of hazardous or
volatile chemicals, 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.

SOURCE The Mosaic Company

Contact: Media, Rob Litt, The Mosaic Company, 763-577-6187, or Investors, Laura Gagnon, The Mosaic Company,
Press spacebar to pause and continue. Press esc to stop.