mosaic may buy phosphate-rock reserves

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].