Weak Potash, Phosphate Prices Dry Up Mosaic Company's Profits in Third-Quarter 2015, Capex Ticks Lower
SUGAR LAND--November 4, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The Mosaic Company (NYSE:MOS) (Plymouth, Minnesota), the world's largest phosphate mining company, reported weakened revenues and profits in third-quarter 2015 as sales volumes and average realized prices for phosphates and potash dipped. Although the company saw promise with an acquisition that boosted its foothold in Latin America, it began to pay a heavy price to the U.S. government for alleged mishandling of waste materials in Florida and Louisiana. Industrial Info is tracking $5.4 billion in active projects involving Mosaic.
Within this article: Details on Mosaic's quarter and projects, including the expansion of a fertilizer plant in Florida.
Other companies featured: Archer Daniels Midland (NYSE:ADM)
