Reported 1 day ago
Mosaic Company has announced a deal to sell its Brazilian potash operations, including the Taquari-Vassouras mine, to VL Mineração for up to $27 million. The agreement includes cash payments and the transfer of asset retirement obligations, aiming for closure by the end of 2025 pending regulatory approval. This move aligns with Mosaic's strategy to focus on more profitable ventures and is expected to support Brazil's agricultural potash supply.
Source: YAHOO