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mosaic may buy phosphate-rock reserves

  1. 363 Posts.
    http://www.businessweek.com/news/2010-07-22/mosaic-considers-special-dividend-may-buy-phosphate-assets.html

    Mosaic Considers Special Dividend, May Buy Phosphate Assets
    July 22, 2010, 5:54 PM EDT

    July 22 (Bloomberg) -- Mosaic Co., North Americas second- largest fertilizer producer, said its considering payment of a special dividend this year and acquiring makers of phosphate- crop nutrients.

    The company is a willing buyer of regional producers of phosphate fertilizers Chief Executive Officer James Prokopanko said today in a telephone interview. Its also considering buying phosphate-rock reserves, he said.

    Mosaic paid a special dividend last year of $1.30 a share.

    --Editor: Simon Casey.

    To contact the reporter on this story: Christopher Donville in Vancouver [email protected].

    To contact the editor responsible for this story: Simon Casey at [email protected].
 
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