Mosaic Streamlines Portfolio With Idled Brazil Phosphate Unit Sale

Key Takeaways Mosaic closed the $111M sale of its inactive Patos de Minas phosphate mine to Fosfatados Centro.The deal enables Mosaic to redeploy capital into higher-return phosphate and potash operations.Fosfatados Centro assumes all site liabilities as it plans to restart domestic phosphate production. The Mosaic Company(MOS) has closed its deal with Fosfatados Centro SPE Ltda. for the sale of the idled Patos de Minas phosphate mining unit in Brazil. Under the terms of the final agreement, Fosfatados Cent ...