|Mosaic Announces Permanent Closure of Kingsford Phosphate Mine|
MULBERRY, Fla., July 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Mosaic Company (NYSE: MOS) today announced it will permanently close its Kingsford phosphate mining operations on September 12, 2005.
The closure of the Kingsford mine is due to the depletion of phosphate ore reserves after nearly 40 years of mining operations at the central Florida facility.
The mine closure will result in the elimination of approximately 275 positions.
A limited number of employees at the mine will be retained for up to three months following the closing date to complete post-mining shutdown activities. In addition, Mosaic will continue to reclaim land in mined out areas at the Kingsford site.
Mosaic operates six other phosphate rock mines in central Florida, and the closing of the Kingsford mine will not affect the company's ability to meet the phosphate rock requirements of its customers. The production from Kingsford will be replaced by mining from Mosaic's Wingate Creek and South Fort Meade facilities in central Florida.
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. For the global agriculture industry, Mosaic is a single source of phosphates, potash, nitrogen fertilizers and feed ingredients. More information on the company is available at http://www.mosaicco.com .
SOURCE The Mosaic Company
Media, Diana Youmans, Public Affairs, 1-863-428-2613,