History and Timeline

A grain backhaul opportunity launched the crop nutrition business of Cargill, Incorporated in the 1960s. Product was needed to fill empty barges to make a profitable round trip, so Cargill, already a leading agribusiness company, decided to enter 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 over 7,400 people in ten countries, and participate in every aspect of crop nutrition development.

Mosaic Timeline

2008

• October 2008: Mosaic is honored with the Canadian Bankers Association Award for Community Involvement and the prestigious Business of the Year Award.
• September 2008: ICIS Chemical Business magazine names Mosaic ICIS Company of the Year.
• September 2008: In response to the devastation caused by Hurricane Gustav and related storms in Florida and Louisiana, Mosaic contributes $200,000 to the American Red Cross and local disaster relief organizations.
• July 2008: Mosaic and Investment Saskatchewan sell Saskferco Products ULA, a producer of nitrogen fertilizer, to Yara International ASA. This allows Mosaic to focus on its core businesses of potash and phosphate.
• June 2008: In response to devastating floods in Iowa, Mosaic makes a $200,000 contribution to the Iowa Red Cross.
• June 2008: Mosaic receives investment grade status.

2007

• December 2007: Mosaic prepays $150 million in long-term debt, reaching a $1 billion prepayment milestone.
• October 2007: Mosaic reports record quarterly financial results.
• May 2007: Mosaic expands Esterhazy, Saskatchewan potash mines to 5.3 million tonnes.
• January 2007: Jim Prokopanko succeeds Fritz Corrigan as President and CEO of Mosaic.  

2006

• August 2006: Mosaic opens 200,000 metric tonne granular single super phosphate (GSSP) plant in Quebracho, Argentina.
• July 2006: Jim Prokopanko named Mosaic Chief Operating Officer.
• May 2006: Mosaic closes Green Bay and South Pierce phosphate fertilizer production facilities and Fort Green mine in central Florida.
• January 2006: Mosaic Esterhazy mine fire sets a worldwide example of mining safety when 72 trapped miners are brought safely to the surface.

2005

• September 2005: Mosaic Louisiana operations suffer only minor damage after Hurricane Katrina devastates the Texas, Louisiana and Mississippi gulf coasts. Mosaic donates $50,000 to the American Red Cross and matches employee donations.
• September 2005: Mosaic closes Kingsford phosphate mine in Mulberry, Florida.
• May 2005: Mosaic begins construction on a 200,000 metric tonne granular single super phosphate plant in Quebracho, Argentina.
• April 2005: Mosaic announces 400,000 tonne expansion of Esterhazy, Saskatchewan.
• April 2005: Mosaic opens 50,000 mt/yr storage facility with capacity to blend 180 tonne/yr in Rio Verde, Brazil.
• March 2005: Mosaic opens 50,000 mt/yr storage facility with capacity to blend 18 tonne/yr in Sorriso, Brazil.
• January 2005: Mosaic opens 200,000 mt/yr bulk blending and fertilizer facility in Qinhuangdao, China.

2004

• The Mosaic Company launches as the world's second largest crop nutrition firm with the combination of the crop nutrition business of Cargill, Incorporated and IMC Global Inc. The Mosaic Company (NYSE: MOS) begins trading as the newest Fortune 500-sized firm on the New York Stock Exchange.
• June 2004: Mosaic announced as name for the newly formed company.
• January 2004: The crop nutrition business of Cargill, Incorporated and IMC Global Inc. enter into definitive agreement to form a new crop nutrition company.