SOURCE: Industrial Info Resources

Industrial Info Resources

September 30, 2011 06:15 ET

Mosaic Company Continues to Benefit From Strong Agricultural Market in Fiscal First-Quarter 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Sep 30, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading miner and fertilizer producer The Mosaic Company (NYSE:MOS) (Plymouth, Minnesota) reported solid gains for the company's fiscal first-quarter 2012, as a strong agricultural market, higher selling prices and improved potash operating rates led to the second-highest first-quarter gross margin in the company's history. Net earnings for the quarter were reported to be $526 million, compared with $297.7 million in fiscal first-quarter 2011.

Industrial Info is tracking more than $6.6 billion in spending from Mosaic on active projects in North America, including a $1.6 billion addition to a coke gasification plant in Saint James, Louisiana. The project involves the construction of a plant with the capacity for 1.3 million tons per year of ammonia, 3.6 million tons per year of carbon dioxide, and 84 billion square cubic feet per year of syngas. Mosaic also is spending $67 million on 16 projects in Florida.

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