Mosaic Invests in Bayóvar Phosphate Project
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Mosaic Invests in Bayóvar Phosphate Project

 
March 31, 2010   |   ShareThis

Sample Pic The deal gives Mosaic the right to purchase 35 percent of the phosphate rock produced from the Bayóvar mine.

The Bayóvar rock will be used in Mosaic’s global phosphate operations.  Phosphate rock production at Bayóvar and deliveries to Mosaic are expected to begin in the second half of calendar 2010.

“This transaction advances our strategic objective to secure additional phosphate rock outside of North America,” said Jim Prokopanko, Mosaics President and Chief Executive Officer.  “Bayóvar enhances Mosaic’s existing 35-year phosphate rock reserves in Florida and reinforces our commitment to remain one of the top integrated phosphate producers in the world.”

Bayóvar Fact Sheet

• Bayóvar is located in the Sechura desert in Piura, Peru – on the northern coast of Peru

• The Bayóvar mine is an open-pit mine with a proven and probable reserve base of 247 million ore tonnes (or approximately 100 million concentrate tonnes)

• The mine has an estimated life of 27 years

• In comparison, Mosaic has 35 years of reserves (565 million tonnes of concentrates) with  annual rock capacity of 16 million tonnes

• Bayóvar’s  expected production capacity will be 3.9 million tonnes  with a grade of 30% P2O5 —comparable to Mosaic’s Florida mines

• Bayóvar infrastructure includes a concentrate plant, 32-kilometer road, 5-kilometer slurry pipeline, drying/storage silos, port with 7.9 million tonnes annual  loading capacity, a desalination plant for sea water and a mining camp

• Bayóvar construction began two years ago; estimated start date for rock mine is in the second half of calendar 2010