SOURCE: Industrial Info Resources

Industrial Info Resources

April 01, 2011 07:00 ET

Higher Phosphate Prices Increase Mosaic Company's Quarterly Profits, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 1, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The Mosaic Company (NYSE:MOS) (Plymouth, Minnesota) yesterday reported third-quarter 2011 net earnings of $542.1 million, up from $222.6 million in the third quarter of 2010.

The company is investing billions to expand its Belle Plaine and Esterhazy potash mines in Saskatchewan. Phase I of the Belle Plaine potash mine expansion is expected to be completed this summer and will add an additional 300,000 to 400,000 tons per year to the 2.2 million ton per year solution mine. Details of this and more than $5 billion worth of active Mosaic Company projects can be found in Industrial Info's North American Industrial Database.

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