Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Mosaic Co    MOS

Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 12/14 10:03:11 pm
24.9 USD   +0.85%
12/14 MOSAIC : Announces Quarterly Dividend Of $0.025 Per Share
12/06 MOSAIC CO : ex-dividend day
11/22 MOSAIC : To Present At Upcoming Investor Conference
News SummaryMost relevantAll newsSector newsTweets

Mosaic Joins in $7 Billion Saudi Arabia Fertilizer Project

share with twitter share with LinkedIn share with facebook
share via e-mail
03/19/2013 | 03:37pm CET

--Mosaic announces joint venture phosphate fertilizer project

--To spend up to $1 billion on project, own 25%

--Saudi Arabia project expected to open in 2016

   By Ian Berry 

Fertilizer maker Mosaic Co. (>> Mosaic Co) said Tuesday it plans to invest up to $1 billion in a joint venture in Saudi Arabia to produce phosphate, a move that would improve its access to agricultural markets in Asia.

Mosaic plans to team up with two Saudi Arabian companies on the $7 billion project. Under terms of the agreement, mining and metals company Saudi Arabian Mining Co. (>> Saudi Arabian Mining Company (Ma'aden)), or Maaden, would own 60%, Mosaic would own 25% and petrochemical firm Saudi Basic Industries Corp. (>> Saudi Basic Industries Corporation), or Sabic, would own 15%.

The project, which would be built in northern Saudi Arabia, would give Plymouth, Minn.-based Mosaic an advantage in shipping fertilizer to India and elsewhere in Asia, Mosaic Chief Executive Jim Prokopanko said.

The effort would complement Mosaic's existing phosphate operations, which are concentrated in Florida and Louisiana. Mosaic is one of the world's largest phosphate fertilizer producers.

"There's been relatively little investment in new phosphate capacity over a number of years," Mr. Prokopanko said in an interview.

Mosaic said it would help design, construct and operate the new facilities. The project would include a mine and complex that produces phosphate fertilizers and animal feeds, among other products. Mr. Prokopanko said the integrated nature of the project made it attractive.

The companies expect to finalize the agreement in the first half of this year. The facilities are expected to produce approximately 3.5 million metric tons of phosphate-related products starting in late 2016.

The project would be similar to an existing joint venture between Maaden and Sabic. That 3 million-metric ton facility started production in 2011. While that project fueled worries that the market would become saturated, Mr. Prokopanko said demand has kept up with growing supplies.

Mosaic Chief Financial Officer Larry Stranghoener said the cash investment of up to $1 billion, which would be paid over four years, is "manageable" financially, and "still leaves us plenty of flexibility to do other things."

Write to Ian Berry at [email protected]

Corrections & Amplifications

This item was corrected at 11:24 a.m. EST to fix the spelling of Saudi Arabia. The original incorrectly stated Saudia Arabia.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on MOSAIC CO
12/14 MOSAIC : Announces Quarterly Dividend Of $0.025 Per Share
12/06 MOSAIC CO : ex-dividend day
11/22 MOSAIC : To Present At Upcoming Investor Conference
11/20 MOSAIC : To Present At Upcoming Investor Conference
11/13 MOSAIC CO : Other Events (form 8-K)
11/07 MOSAIC : To Participate In Upcoming Investor Conference
11/06 MOSAIC CO : Results of Operations and Financial Condition (form 8-K)
11/02 MOSAIC : To Shutter Plant City Fertilizer Plant
11/02 THE MOSAIC COMPANY : Reports Third Quarter 2017 Results
More news
News from SeekingAlpha
12/14 The Next 20 Dividend Achievers Absolutely Trounce The Market
12/14 Mosaic declares $0.025 dividend
12/05 Mosaic goes ex-dividend tomorrow
12/04 35 Stocks For December 2017
11/29 Mosaic (MOS) Presents At Citi 2017 Basic Materials Conference - Slideshow
Financials ($)
Sales 2017 7 169 M
EBIT 2017 435 M
Net income 2017 386 M
Debt 2017 3 679 M
Yield 2017 2,26%
P/E ratio 2017 22,87
P/E ratio 2018 23,16
EV / Sales 2017 1,73x
EV / Sales 2018 1,64x
Capitalization 8 741 M
Duration : Period :
Mosaic Co Technical Analysis Chart | MOS | US61945C1036 | 4-Traders
Technical analysis trends MOSAIC CO
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 19
Average target price 24,2 $
Spread / Average Target -2,8%
EPS Revisions
James Calvin O'Rourke President, CEO, COO & Director
Bob L. Lumpkins Non-Executive Chairman
Richard L. Mack Executive VP, Chief Financial & Accounting Officer
Emery N. Koenig Independent Director
William T. Monahan Independent Director
Sector and Competitors