We have the assets to meet the demand. We mine phosphate rock from nearly 200,000 acres of Mosaic-owned land in Central Florida, and we mine potash from five mines in North America, primarily in Saskatchewan. Our products are processed into crop nutrients, and then shipped via rail, barge and ocean-going vessel to our customers in the major agricultural centers of the world.
Mosaic is a leader in the potash industry with annual capacity of 10.3 million tonnes. Our ongoing expansions — consisting of nearly a dozen discrete, multi-year projects — are expected to increase annual capacity by almost five million tonnes, ensuring that we will maintain our position as one of the premier potash companies in the world.
With annual capacity greater than the next two largest producers combined, Mosaic is the world’s largest producer of finished phosphate products. Approximately one-third of our phosphate product is shipped within North America, with the remainder exported globally through both PhosChem, an export association, and through our own distribution channels.
In total, our team of 8,900 Mosaic people delivers nearly 19 million tonnes of product to approximately 40 countries each year.
Mosaic is a young company rooted in history and experience. Recognized as innovators in our field, this status owes much to the combined strengths of the crop nutrition business of Cargill, Inc. and IMC Global Inc., our founding companies. Each of these companies has been recognized as worldwide leaders in the crop nutrition industry for decades. In March 2014, Mosaic completed its acquisition of the phosphate business of CF Industries, Inc.
IMC Global dates back to 1909, when entrepreneur Thomas Meadows became involved in the phosphate mining business. In 1940, the company mined 50,000 tonnes of potash from its Carlsbad, N.M., plant. IMC Global mined approximately 1.7 million tonnes in the same location in 2003, helping the company earn $2.2 billion in revenue.
A grain backhaul opportunity launched the crop nutrition business of Cargill in the 1960s. Product was needed to fill empty barges to make a profitable roundtrip, so Cargill — already a leading agribusiness company — entered the crop nutrition business. From there, the division grew to be one of the world's top producers of phosphate and nitrogen fertilizer.
Today, Mosaic is the world's leading producer and marketer of concentrated phosphate and potash. We employ approximately 8,900 people in eight countries and participate in every aspect of crop nutrition development.
Facts & Figures
Annual potash capacity: 10.4 million tonnes
Annual phosphate capacity: 11 million tonnes
Distribution and office facilities: 8 countries
Customers: 40 countries
Community investment: $24.2 million
Direct economic impact: $1.6 billion
Potash mines and production facilities: 5
Phosphate rock mines and plants: 11