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Mosaic Co. Receives Final Approval For New Phosphate Mine In Florida
Jan. 8, 2019
The Mosaic Company
United StatesFollow
United StatesThe Mosaic Company (NYSE: MOS) recently announced that it has acquired the U.S. Army Corps of Engineers 404 permit for its Ona phosphate mine project in Hardee County, Florida. This was the final remaining permit for the project and secures 160.2 million tons of phosphate rock for future mining.
The overall project covers 22,483 acres with 16,778 acres of land permitted for mining. The western extent of the project will extend the life of Mosaic's Four Corners mine by fourteen years, while the eastern extent will provide mining for future decades at the South Pasture mine once production resumes at that facility.
"This important project helps secure the continued operation of our Florida manufacturing facilities," said Mosaic President and CEO Joc O'Rourke. "It will deliver tremendous value to the local community, our employees and our investors well into the future."
Permitting efforts for the Ona project began in 2011. Mining permits from the State of Florida were issued in 2015 and local government permits were secured in July, 2018.
About The Mosaic Company
The Mosaic Company is one of the world’s largest producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single-source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.
Source: Mosaic news release
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