On January 13, 2025, US fertilizer giant Mosaic (NYSE: MOS) announced the sale of its phosphate mine and tailings dams in Patos de Minas, Brazil, to Fosfatados Centro for $125 million, payable over six years. This transaction aligns with Mosaic’s strategy to divest non-core assets and focus on higher-return investments. The deal also supports the National Fertilizer Plan, with Fosfatados Centro aiming to enhance phosphate supply for Brazil’s agricultural market. Mosaic Fertilizantes, the São Paulo-based subsidiary, oversees the company’s operations in South America, including 26 production and blending facilities across Brazil, Paraguay, and Peru, with a blending capacity of 8.6 million tonnes annually.

The decision comes as global potash prices stabilise, following increased shipments from Russia and Belarus, which circumvented sanctions by targeting markets in Asia and South America. Mosaic, the world’s fourth-largest potash producer, emphasised that the sale is part of a broader effort to optimise its portfolio amid changing market dynamics. This move marks a strategic shift in the company’s operations while contributing to the recovery of global fertilizer supply chains.

Source: https://www.mining.com/mosaic-to-sell-brazilian-phosphate-mine-in-125-million-deal/