Our Commitment to Sustainability:
CEO Message
Mosaic's third Sustainability Report takes stock of our progress, opportunities and goals, and I am confident that our mission to help the world grow the food it needs is attainable with an ever-improving focus on sustainability.
Krishi Jyoti: Mosaic Villages Project India
Krishi Jyoti means "enlightened agriculture" and brings modern agricultural inputs and practices to farmers with the objective of improving the productivity of their fields.
For Generations to Come:
Mosaic's Commitment to the Land
Mosaic reclaims every acre we mine and leads the industry in returning mined land to productive uses, for wildlife and people. And we want our reclamations to be valued by future generations.
4Rs Nutrient Stewardship: The Nexus of Food and Water
With the right nutrient management, crop yields can increase without an environmental compromise. The 4R's are about doing everything "right" in regard to fertilizer application and effectively reducing agriculture's potential for negative externalities.
Safety: The Bottom Line is People
Mosaic's focus on environmental health and safety is first and foremost in any decision we make. Our culture of safety is something that we pride ourselves on. It's a culture of helping each other ensure that intervene where necessary to protect people and sustain our performance.

2.0 Organizational Profile

2.1

Name of the Organization

The Mosaic Company

2.2

Primary Brands, Products, and Services

The Mosaic Company is the world's leading combined producer and marketer of concentrated phosphate and potash crop nutrients for the global agriculture industry. Through our broad product offering, we are a single source supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. We serve customers in approximately 40 countries. We mine phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. We mine potash in Saskatchewan, New Mexico and Michigan. We have other production, blending or distribution operations in Australia, Brazil, China, India, Argentina and Chile, and a strategic equity investment in a phosphate rock mine in the Bayovar region in Peru. We operate in the top four nutrient-consuming countries in the world.

Phosphates

We are the largest integrated phosphate producer in the world and one of the largest producers of phosphate-based animal feed ingredients in the United States. We sell phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally. Our Phosphates segment also includes our North American and international distribution activities. Our distribution activities include sales offices, port terminals and warehouses in the United States, Canada and several other key international countries. In addition, the international distribution activities include blending, bagging and production facilities in Brazil, China, India, Argentina and Chile. We accounted for approximately 13% of estimated global production and 58% of estimated North American production of concentrated phosphate crop nutrients during fiscal 2012. Our phosphate crop nutrient products are marketed worldwide to crop nutrient manufacturers, distributors and retailers.

Potash

We are the fourth-largest producer of potash in the world. We sell potash throughout North America and internationally, principally as fertilizer, but also for use in industrial applications and, to a lesser degree, as animal feed ingredients. We accounted for approximately 12% of estimated global potash production and 39% of estimated North American potash production during fiscal 2012. We mine and process potash in Canada and the United States and sell potash in North America and internationally.

Examples of Mosaic's products include:

  • Diammonium Phosphate (DAP). DAP is the most widely used high-analysis phosphate crop nutrient worldwide. DAP is produced by combining phosphoric acid with anhydrous ammonia. DAP is a solid granular product.
  • Monoammonium Phosphate (MAP). MAP is the second most widely used high-analysis phosphate crop nutrient and the fastest growing phosphate product worldwide. MAP is also produced by first combining phosphoric acid with anhydrous ammonia. MAP is a solid granular product.
  • Muriate of Potash (MOP) is the primary source of potassium for the crop nutrient industry. Red MOP has traces of iron oxide. The granular and standard grade Red MOP products are well suited for direct fertilizer application and bulk blending. White MOP has a higher percent K2O. White MOP, besides being well suited for the agricultural market, is used in many industrial applications.
  • MicroEssentials®: MicroEssentials fertilizer are a line of value-added ammoniated phosphate products that are enhanced through a patented process to include micronutrients such as sulfur or zinc. These products provide for uniform nutrient distribution, resulting in improved nutrient uptake, which allows plants to maximize their yield potential.
  • K-Mag®: K-Mag delivers potassium (K), magnesium (Mg) and sulfur (S) in a single granule, reducing the need for fertilizer blends.
  • Nexfos®: In 2011, Mosaic unveiled Nexfos, a new animal feed-grade phosphate product that increases efficiency, enhances bioavailability and contains a higher sustainable concentration of phosphate over traditional livestock feed products. Nexfos represents the first innovation in feed-grade phosphate in 40 years. Nexfos also reduces purchasing, storing and handling costs for consumers and offers significant reductions during requirements production. Production design changes have resulted in increased water and energy efficiencies.

2.3

Operational Structure

Mosaic conducts business through wholly and majority-owned subsidiaries as well as businesses in which we own less than a majority or a non-controlling interest. We are organized into two reportable business segments: Phosphates and Potash.

2.4

Location of Headquarters

Mosaic's headquarters are located in Plymouth, Minnesota.

2.5

Number of Countries Where Company Operates

Mosaic has operations in eight countries.

Operations Presence
Country Phosphate production Potash production Office Warehouse Blender Port
United States
Canada
Argentina
Brazil
Chile
China
India
Australia

2.6

Nature of Ownership and Legal Form

Mosaic is a publicly traded company whose common stock is listed as MOS on the New York Stock Exchange (NYSE).

2.7

Markets Served

Our world-class mining and processing operations produce more than 12% of the world's potash and concentrated phosphate crop nutrients. We move these products through the value chain to wholesalers and retailers through our extensive global distribution system. We have key distribution facilities in eight countries, serving wholesalers, retail dealers and individual growers in approximately 40 countries. Mosaic also offers value-added services, such as tools to assist in application rates of crop nutrients and other customized services that increase both crop and economic yields. We have a rich legacy of experience and innovation, producing a line of premium products that offers greater nutrient delivery with lower application rates.

2.8

Scale of Reporting Organizations

Detailed information regarding Mosaic's operations, employees and financial information is provided in our 10-K Report as follows:
Operations: pages 1 – 25, Item 1.B Business
Employees: page 24
Financial Information: page F3, Results of Operations.

2.9

Significant Changes During the Reporting Period Regarding Size, Structure or Ownership

Fiscal 2012 Operations and Share Capital Structure are provided in our 10-K Report (page F3, Results of Operations).

2.10

Awards Received in the Reporting Period

Mosaic has been recognized by international, national and local organizations for achievements in corporate responsibility, environmental issues, reclamation and philanthropy. Please refer to our 2012 Sustainability Report. A selection of awards is presented below.

Corporate Responsibility 100

The Mosaic Company has been recognized on Corporate Responsibility Magazine's 12th annual 100 Best Corporate Citizens List, known as the world's top corporate responsibility ranking based on publicly available information. Mosaic was ranked 28 — up from 67 in 2011 — in recognition of its conservation and environmental stewardship efforts, as well as its financial and governance transparency.

Ethisphere's List of World's Most Ethical Companies

Mosaic joined only 145 other companies to be recognized by the Ethisphere Institute as one of the 2012 World's Most Ethical Companies (WME). Mosaic was one of only two metals and mining companies based in the U.S. to make the list.

Association of Fundraising Professionals Honors Corporate Philanthropy in Saskatchewan and Florida

Mosaic received the Outstanding Corporate Philanthropist award from the Association of Fundraising Professionals -- Regina & Area Chapter in Saskatchewan and the Philanthropic Corporation of the Year award from the Association of Fundraising Professionals -- Florida Suncoast Chapter for its community leadership and corporate giving.

International Society of Mine Professionals

In June 2011, our South Fort Meade mine accepted a safety award from the International Society of Mine Safety Professionals for working two years — more than one million man hours — without a lost-time accident.

Qinhuangdao Industrial Association

Mosaic's team in Qinhuangdao, China, earned first place against 150 other companies at a safety knowledge contest hosted by the Qinhuangdao Industrial Association. Participants were tested on their knowledge of safety practices and regulations in the areas of production, fire, environment and health.