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Mosaic completes acquisition of CF phosphates

6:52 AM MDT | March 21, 2014

Mosaic has completed its acquisition of the phosphate business of CF Industries for $1.2 billion in cash plus $200 million to fund CF’s asset retirement obligations in Florida. The deal includes a 25,000-acre phosphate mine and beneficiation plant, a phosphate manufacturing facility, and an ammonia terminal and finished product warehouse facilities in the Tampa, FL, area. The facilities currently produce approximately 1.8 million m.t. of phosphate fertilizer/year, which will bring Mosaic’s annual phosphates capacity to over 11 million m.t. Mosaic says it...

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