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2007 Investor News

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12/21/07Mosaic Announces Prepayment of $150 Million of Long-Term Debt, Reaching $1 Billion Prepayment Milestone
PLYMOUTH, Minn., Dec. 21 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it is notifying the lenders under its senior secured bank credit facility (the "Facility") of its election to prepay $150 million principal amount of term loans under the Facility on December 31, 2007. "This prepayment reflects a very important milestone for Mosaic," said Jim Prokopanko, President and Chief Executive Officer. "We have successfully prepaid $1 billion of long-term... 
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12/12/07PhosChem Announces New DAP Contract With India
LINCOLNSHIRE, Ill., Dec 12, 2007 /PRNewswire via COMTEX News Network/ -- The Phosphate Chemicals Export Association Inc. (PhosChem) today announced the signing of a diammonium phosphate (DAP) supply contract with a key Indian customer for calendar 2008. Under the terms of this new agreement, PhosChem will supply the customer with 500,000 metric tonnes of DAP, which will be shipped from February 2008 through October 2008, at a price reflecting current spot DAP international market levels. ... 
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11/27/07Mosaic to Present at Citi's Basic Materials Symposium
PLYMOUTH, Minn., Nov. 27 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it will participate in Citi Investment Research's 2007 Basic Materials Symposium in New York on Tuesday, December 4, 2007. Jim Prokopanko, Mosaic's President and Chief Executive Officer, will be speaking at 8:15 a.m. EST. The presentation will be on the company's website at http://www.mosaicco.com/investors. Questions can be directed to Mosaic's Investor Relations department vi... 
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11/05/07Mosaic to Present at Merrill Lynch Leveraged Finance Conference
PLYMOUTH, Minn., Nov. 5 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it will participate in the Merrill Lynch Leveraged Finance Conference in Las Vegas on Tuesday, November 13, 2007. Larry Stranghoener, Executive Vice President and Chief Financial Officer of Mosaic, will be speaking at 12:15 p.m. EST (9:15 a.m. PST). The presentation will be on the company's website at http://www.mosaicco.com/investors. Questions can be directed to Mosaic's Invest... 
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11/02/07Mosaic to Present at TD Newcrest Ag Conference on November 5, 2007
PLYMOUTH, Minn., Nov. 2 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it will participate in the TD Newcrest Agriculture Conference. The conference is on Monday, November 5, 2007 in Toronto. The opening keynote speaker will be Mosaic's Vice President of Market Analysis, Dr. Mike Rahm. He is scheduled at 8:00 a.m. EST. Doug Hoadley, Mosaic's Vice President Investor Relations will speak at 1:45 p.m. EST. The presentations will be Webcast live and... 
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10/24/07Mosaic Announces Prepayment of $150 Million of Long-Term Debt
PLYMOUTH, Minn., Oct. 24 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it is notifying the lenders under its senior secured bank credit facility (the "Facility") of its election to prepay $150 million principal amount of term loans under the Facility on October 29, 2007. The prepayments will consist of $56.4 million principal amount of Term Loan A-1 borrowings and $87.1 million principal amount of Term Loan B borrowings by Mosaic and $6.5 million pr... 
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10/22/07Mosaic Announces Temporary Shutdown of K2 Mine to Replace Bearing
PLYMOUTH, Minn., Oct. 22 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that the hoist at its Esterhazy, Saskatchewan K2 potash mine has experienced a bearing failure. The Company expects production at K2 to be idle while repairs are completed, which are expected to take approximately two weeks. This temporary shutdown may result in a loss of production of approximately 100,000 tonnes of potash; however, over the full year, the Company expects to offset some... 
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10/09/07Mosaic Reports Record Quarterly Results
HIGHLIGHTS Mosaic reported net earnings of $305.5 million, or $0.69 per diluted share ("per share"), for the first quarter ended August 31, 2007. Included in these results are: Unrealized mark-to-market derivative losses of $30.1 million, or $0.04 per share, compared with a gain of $0.6 million a year ago. A non-cash foreign currency transaction loss of $19.4 million, or $0.03 per share, compared to a gain of $7.3 ... 
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09/28/07Mosaic Announces Fiscal 2008 First Quarter Earnings Release and Conference Call
PLYMOUTH, Minn., Sept. 28 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) plans to issue its fiscal 2008 first quarter earnings results and financial tables on Tuesday, October 9, 2007, prior to the opening of the New York Stock Exchange. Results will also be available on Mosaic's website at www.mosaicco.com/investors. The Company plans to conduct a conference call on Tuesday, October 9, 2007, to discuss the results. The call will begin at 10:00 a.m. Eastern Daylight Ti... 
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09/25/07Mosaic Announces Prepayment of $300 Million of Long-Term Debt
PLYMOUTH, Minn., Sept. 25 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it is notifying the lenders under its senior secured bank credit facility (the "Facility") of its election to prepay $300 million principal amount of term loans under the Facility on September 28, 2007. With this payment, Mosaic will have prepaid $700 million in the past five months. The prepayments will consist of $112.8 million principal amount of Term Loan A-1 borrowings and... 
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08/06/07PhosChem Announces New DAP Contracts With India
LINCOLNSHIRE, Ill., Aug. 6 /PRNewswire/ -- The Phosphate Chemicals Export Association Inc. (PhosChem) today announced the conclusion of additional diammonium phosphate (DAP) supply contracts with India for 2007/2008. Under the terms of these agreements, PhosChem will supply India with 550,000 to 600,000 metric tonnes of DAP, which will be shipped from August 2007 through March 2008 at $495 per tonne CFR. This is in addition to the contract of 1.1 million tonnes of DAP announced earli... 
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07/30/07Mosaic Reports Strong Fiscal 2007 Fourth Quarter Results
HIGHLIGHTS * Mosaic reported net earnings of $202.6 million, or $0.46 per diluted share ("per share"), for the fourth quarter ended May 31, 2007. * The average fourth quarter diammonium phosphates (DAP) price was $338 per tonne, a 37% increase compared with the third quarter of fiscal 2007. * Sales volume for the Potash business was 2.6 million tonnes during the fourth quarter, a 49% increase compared to a year ago. * Mosaic generated strong cash flow during the quarter and repaid $280 million o... 
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07/27/07Mosaic 2007 Annual Meeting of Stockholders
PLYMOUTH, Minn., July 27 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) will hold its 2007 Annual Meeting of Stockholders on Thursday, October 4, 2007 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). The meeting will be at the Radisson Hotel and Conference Center, 3131 Campus Drive, Plymouth, Minnesota 55441. Stockholders of record as of the close of business on August 8, 2007 will be entitled to notice of and to vote at the 2007 Annual Meeting of Stockholders. A ... 
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07/23/07Mosaic Announces Fourth Quarter Fiscal 2007 Earnings Release and Conference Call
PLYMOUTH, Minn., July 23 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) plans to issue its fourth quarter and fiscal year 2007 earnings results and financial tables on Monday, July 30, 2007, after the market close. This will also be available on Mosaic's website at http://www.mosaicco.com/investors. The company plans to conduct a conference call on Tuesday, July 31, 2007, to discuss the results. The call will begin at 11:00 a.m. Eastern Daylight Time (10:00 a.m. Central... 
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06/26/07Mosaic Announces Prepayment of $150 Million of Long-Term Debt
PLYMOUTH, Minn., June 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Mosaic Company (NYSE: MOS) announced today that it is notifying the lenders under its senior secured bank credit facility (the "Facility") of its election to prepay $150.0 million principal amount of term loans under the Facility on June 29, 2007. This prepayment is in addition to the $250.0 million previously prepaid on May 1, 2007. The prepayments will consist of $56.4 million principal amount of Term ... 
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05/29/07PhosChem Announces New DAP Contract With India
LINCOLNSHIRE, Ill., May 29 /PRNewswire/ -- The Phosphate Chemicals Export Association Inc. (PhosChem) today announced a new diammonium phosphate (DAP) supply contract with India for 2007. Under the terms of this agreement, PhosChem will supply India with 1.1 million metric tonnes of DAP, which will be shipped from June through November at $477 per tonne CFR. "This contract underscores the strong global demand for phosphates during a period when supplies continue to remain tight," sta... 
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05/29/07The Mosaic Company to Present on June 5, 2007 at Merrill Lynch Agricultural Chemicals Conference
PLYMOUTH, Minn., May 29, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Mosaic Company (NYSE: MOS) announced today that it will participate in the Merrill Lynch Agricultural Chemicals Conference in New York City. The presentation by Jim Prokopanko, Mosaic's President and Chief Executive Officer, is scheduled for Tuesday, June 5, 2007, at 9:35 a.m. EDT. The presentation will last approximately 35 minutes including a questions and answers period. The presentation will be Webcas... 
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05/09/07Mosaic Announces Esterhazy Potash Mines Expanded to 5.3 Million Tonnes
PLYMOUTH, Minn., May 9 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today it has completed the test run for the expansion of its Esterhazy, Saskatchewan potash mines. A third party audit confirmed the expansion adds an incremental 1.1 million metric tonnes of new annual capacity, bringing Esterhazy's total annual capacity to approximately 5.3 million tonnes. The expansion was completed in late 2006 at a capital cost of approximately $35 million. Pursuant to an ... 
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04/26/07Mosaic Electing to Prepay $250 Million Principal Amount of Term Loans
PLYMOUTH, Minn., April 26 /PRNewswire-FirstCall/ -- The Mosaic Company ("Mosaic") (NYSE: MOS) is notifying the lenders under its senior secured bank credit facility (the "Facility") that it is electing to prepay $250.0 million principal amount of term loans under the Facility on May 1, 2007. The prepayments will consist of $94.0 million principal amount of Term Loan A-1 borrowings and $145.2 million principal amount of Term Loan B borrowings by Mosaic and $10.8 million principal am... 
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04/20/07The Mosaic Company to Host Analyst Day in Regina, Saskatchewan, Canada on May 10, 2007
PLYMOUTH, Minn., April 20 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) has announced its Analyst Day conference will be held May 10, 2007, in Regina, Saskatchewan, Canada. The meeting will be held at the Hotel Saskatchewan and will begin at 7:50 a.m. Saskatchewan time or 9:50 a.m. EDT. Presentations will include an introduction and overview from Mosaic's President and Chief Executive Officer, Jim Prokopanko. There will also be presentations by other key executives. F... 
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04/09/07Mosaic Reports Fiscal 2007 Third Quarter Results
HIGHLIGHTS Earnings for the third quarter ended February 28, 2007, were $42.2 million, or $0.10 per diluted share ('per share'). This compares to a reported net loss of $71.6 million, or $0.19 per share, for last year's third quarter. Third quarter results included a pre-tax gain of $33.9 million ($21.0 million after-tax, or $0.05 per share) on extinguishment of debt. This relates to the Mosaic's $2 billion refinancing which closed on December 1, 2006. Net sales increased 19% in the third ... 
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03/27/07Mosaic Announces Third Quarter Fiscal 2007 Earnings Release and Conference Call
PLYMOUTH, Minn., March 27 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) will conduct a conference call on Tuesday, April 10, 2007, to discuss its fiscal 2007 third quarter earnings results. The earnings call will begin at 11:00 a.m. Eastern Daylight Time (10 a.m. Central Daylight Time) and will last no longer than 60 minutes. A webcast of the conference call, both live and as a replay, can be accessed by visiting Mosaic's website at http://www.mosaicco.com/investors. T... 
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03/19/07The Mosaic Company to Participate in Lehman Brothers High Yield Bond and Syndicated Loan Conference
PLYMOUTH, Minn., March 19 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS - News) announced today that it will participate in the Lehman Brothers High Yield Bond and Syndicated Loan Conference in Phoenix, AZ. Kevin F. Brindley, Vice President and Treasurer, will present on Tuesday, March 27, 2007, at 1:30 p.m. EDT, or 11:30 a.m. MST, and is scheduled to last for approximately 40 minutes including questions and answers. The presentation will be Webcast live and via replay through the c... 
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03/07/07Mosaic Releases Update on Brine Inflow at Esterhazy, Saskatchewan Mines
PLYMOUTH, Minn., March 7, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Mosaic Company (NYSE: MOS) announced today that its ongoing treatment of the salt saturated brine inflow at its Esterhazy, Saskatchewan potash mines continues to show positive results. Based on data collected by the Company, the brine inflow is estimated to have declined to a rate of less than 5,000 gallons per minute (gpm). This compares favorably to a prior estimated initial inflow rate ranging from 20... 
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02/27/07Mosaic Announces Redemption of Remaining Mosaic Global Holdings Inc. 11.250% Senior Notes Due 2011
PLYMOUTH, Minn., Feb. 27 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that its subsidiary, Mosaic Global Holdings Inc. ("Mosaic Global Holdings"), is redeeming $29,395,000 aggregate principal amount of its 11.250% Senior Notes due 2011 (the "Notes") on April 2, 2007 pursuant to the terms of the Indenture dated as of May 17, 2001 relating to the Notes. The Notes are being redeemed at a price of $1,056.25 per $1,000 principal amount, together with accrued and... 
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02/16/07Mosaic Provides Update on Brine Inflow at Esterhazy, Saskatchewan Mines
PLYMOUTH, Minn., Feb. 16 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that data collected from hydrogeologic testing performed this week indicates that the salt saturated brine inflow at its Esterhazy, Saskatchewan mines has declined to an estimated rate of approximately 12,000 gallons per minute. This compares to the estimated initial inflow rate of approximately 20,000 to 25,000 gallons per minute. Inflow rate measurements reflect an estimate as of a part... 
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02/13/07Mosaic to Present at Morgan Stanley Basic Materials Conference on February 21, 2007
PLYMOUTH, Minn., Feb. 13 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it will participate in the Morgan Stanley Basic Materials Conference in New York City. The presentation by Jim Prokopanko, Mosaic's President and Chief Executive Officer, is scheduled for Wednesday, February 21, 2007, at 4:00 p.m. EST. The presentation will last approximately 45 minutes including a questions and answers period. The presentation will be Webcast live and via repla... 
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02/12/07Mosaic Provides Update on Brine Inflow at Esterhazy, Saskatchewan Mines
PLYMOUTH, Minn., Feb. 12 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS - News) announced today an update regarding the salt saturated brine inflow at its Esterhazy, Saskatchewan mines. Using 3D seismic testing and also through visual confirmation, Mosaic has located the source of the inflow in an "old workings" area of its K2 mine. The Company has completed installation of four strategically located wells where calcium chloride can be injected, and further intends to install several ad... 
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02/09/07Mosaic Announces Completion of Sales Agreement Between Canpotex and Sinofert
PLYMOUTH, Minn., Feb. 9 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that Canpotex Limited, the offshore marketing company for Saskatchewan potash producers, has finalized a potash supply agreement with Sinofert Holdings Limited, a large fertilizer distributor in China, for a $5 per tonne price increase for calendar year 2007. Canpotex volumes shipped to China will be based on market demand in 2007 and will be adjusted during the year in accordance with Can... 
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02/08/07The Mosaic Company to Participate in Goldman Sachs Agricultural Forum
PLYMOUTH, Minn., Feb 08, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- The Mosaic Company (NYSE: MOS) announced today that it will participate in the Goldman Sachs Eleventh Annual Agricultural Forum in New York City. The presentation by Larry Stranghoener, Executive Vice President and Chief Financial Officer, will take place on Tuesday, February 13, 2007, at about 10:30 a.m. EST and is scheduled to last for approximately 30 minutes including questions and answers. The presentati... 
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01/29/07Mosaic Reports Fiscal 2007 Second Quarter Results
HIGHLIGHTS Earnings for the second quarter ended November 30, 2006, were $65.9 million, or $0.15 per diluted share ("per share"). This compares to reported net earnings of $55.0 million, or $0.13 per share, for last year's second quarter. Net sales increased 2% in the second quarter of fiscal 2007 and operating earnings declined from $139.3 million to $90.7 million. Free cash flow (cash flow from operations less capital expenditures) ... 
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01/24/07Mosaic Identifies New Brine Inflow at Esterhazy, Saskatchewan Mines; Will Require Additional Mitigation Efforts
No Impact on Fiscal 2007 Production Currently Anticipated; Company Estimates Additional Fiscal 2007 Mitigation Efforts to Cost Between $20 to $40 Million PLYMOUTH, Minn., Jan. 24 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it recently identified a new saturated brine inflow located approximately 7,500 feet from its existing brine inflow management area in a mined out area at its Esterhazy, Saskatchewan potash mines. The Company is continuing to ... 
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01/24/07Mosaic Potash Esterhazy Brine Inflow Fact Sheet
Click here for PDF version of this release   Location   Esterhazy , Saskatchewan , Canada   Year operations began   Production started at K1 plant in 1962 Production started at K2 plant in 1967   Current activities   Potash Mining   Total # of employees Hourly Salaried   Total 832 Hourly 690... 
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01/24/07Esterhazy , Saskatchewan Potash Mines Question & Answer Information
When did the new brine inflow first occur and how was it detected? During the second week of December 2006, officials at Mosaic's Esterhazy , Saskatchewan potash mines (Mosaic has two interconnected mines referred to as “K1” and “ K2 ” at Esterhazy) observed a decline in well pressure, which was the first sign of an increased inflow of brine. The inflow appeared to be similar to historical inflows which the Company has successfully remediated in the past. Mosaic followed its normal procedur... 
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01/23/07Mosaic Announces Second Quarter Fiscal 2007 Earnings Release and Conference Call
PLYMOUTH, Minn., Jan. 23 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) will conduct a conference call on Monday, January 29, 2007, to discuss its fiscal 2007 second quarter earnings results. The call will begin at 10:00 a.m. Eastern Standard Time (9 a.m. Central Standard Time) and will last no longer than 60 minutes. A webcast of the conference call, both live and as a replay, can be accessed by visiting Mosaic's website at http://www.mosaicco.com/investors . This webc... 
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01/10/07Mosaic Notifies SEC of Late Second Quarter Form 10-Q Filing Due to New Enterprise Resource Planning System
PLYMOUTH, Minn., Jan. 10 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it has notified the Securities and Exchange Commission ("SEC") that it was not able to file its quarterly report on Form 10-Q for the fiscal quarter ended November 30, 2006 (the "10-Q Report") on a timely basis. The 10-Q Report was due on January 9, 2007. The delay in filing the 10-Q Report is because of the implementation of its new enterprise resource planning ("ERP") system in Oct... 
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01/04/07Mosaic Expects to File for Extension to Second Quarter Form 10-Q Filing Date Due to New Enterprise Resource Planning System
PLYMOUTH, Minn., Jan. 4 /PRNewswire-FirstCall/ -- The Mosaic Company (NYSE: MOS) announced today that it will take additional time to complete its unaudited interim financial statements for the fiscal quarter ended November 30, 2006. As a result, Mosaic will not be able to release financial results by January 9, 2007, as previously scheduled, and will file a notification of late filing with the Securities and Exchange Commission ("SEC") with respect to the filing of its quarterly repo... 
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