Mosaic’s Profits Up, but Costs Higher

THE ASSOCIATED PRESS September 23, 2011, 11:57AM ET

http://www.businessweek.com/ap/financialnews/D9PUAOM00.htm
Mosaic posts higher profit, but misses view
Fertilizer giant Mosaic Co. said Friday that stronger sales in its fiscal first quarter pushed its profit up by 77 percent.

The earnings nevertheless missed Wall Street expectations and the company’s shares fell $2.84, or 4.7 percent, to $57.27 in midday trading.

For the three months ended Aug. 31, the company reported net income of $526 million, or $1.17 per share, up from $297.7 million, or 67 cents per share, a year ago.

On average, analysts expected earnings of $1.25 per share, according to FactSet.

Revenue rose to $3.08 billion from $2.19 billion. Analysts expected lower revenue of $2.85 billion.

Gross margin as a percentage of sales rose to 27.5 percent from 23.1 percent. The company said the increase was driven by improvements in phosphates and potash margins. Operating earnings rose to $729.6 million, up from $410.3 million.

Citi analyst P.J. Juvekar noted that it’s possible that “ongoing legal issues” and the shutdown of a phosphate rock mine may have increased the Mosaic’s costs in the quarter. But Juvekar also noted that the market remains favorable for Mosaic, given the tight corn and soybean markets and elevated grain prices that are pushing up farmer incomes.

Earlier this week, Standard & Poor’s said that it will add Mosaic, based in Plymouth, Minn., to the S&P 500 index after the market closes Friday. One requirement for entering the S&P index is that at least half of a company’s shares must be available to the public.

On Thursday, Mosaic said one of its shareholders, the Margaret A. Cargill Trust, plans to sell 18 million of its 42 million shares of the company, with an option to sell another 2.7 million shares if the sale goes well. The move is the latest step in unwinding ties between Mosaic and Cargill Inc.

FL Governor appoints Mosaic executive to Industrial and Phosphate Research Institute

If there was ever any doubt about the scientific objectivity of the Florida Phosphate Research Institute, then at least their intentions are plainly known to all now… Thanks to Governor Scott for clearing that up.

Scott appoints Mosaic executive to Industrial and Phosphate Research Institute

 http://floridaindependent.com/47377/rick-scott-mosaic-fertilizer

 By Virginia Chamlee | 09.13.11 | 4:17 pm

 Gov. Rick Scott today appointed Michael A. Daigle, director of operations planning at Mosaic Fertilizer, to the Florida Industrial and Phosphate Research Institute. The appointment marks the latest in a stream of government interaction with the company — Mosaic gave at least $15,000 to Scott’s gubernatorial campaign, and a former Jeb Bush staffer recently went to work for the company.

A phosphate mine in South Fort Meade, owned by Mosaic, was shut down in July due to potentially detrimental environmental impacts. Although the company was initially given the go-ahead from the U.S. Army Corps of Engineers to strip-mine thousands of acres of Florida wetlands, a lawsuit (brought by environmental groups including the Sierra Club) led a judge to halt production at a 700-acre tract of the mine, over fears that the mining activities were damaging two area watersheds.

In July, a U.S. judge extended that injunction — effectively banning the company from expanding production at the mine.

According to its website, the Florida Institute of Phosphate Research was originally created in 1978 as “a state agency to study phosphate issues that impact Florida’s citizens, environment and economy and to be a phosphate information resource.”

Daigle’s term begins today and ends Sept. 30, 2014.

EPA Resists Call To Halt Radiation Surveys

The Inside Story – 

EPA Resists Call To Halt Radiation Surveys

Posted: September 9, 2011

EPA Administrator Lisa Jackson is resisting GOP demands that the agency commit to halt aerial surveys that could inform a potentially precedent-setting cleanup of an area in central Florida where the agency fears that tens of thousands of people living on former phosphate mines are being exposed to dangerous levels of radiation.

An agency spokeswoman says that during a Sept. 7 meeting, Jackson told GOP critics that the agency has “no current plans” to conduct such surveys, but stopped short of agreeing to the lawmakers’ call to permanently halt the flyovers.

At issue are approximately 10 square miles of contaminated land near Lakeland, FL, where EPA has taken no cleanup action despite having had the concerns since the late 1970s. To address the concerns, which were first made public by an award-winning series of Inside EPA articles in 2010, the agency has so far conducted only one preliminary aerial radiation survey near the area in question.

But EPA’s survey has prompted opposition from GOP lawmakers representing the area, including Rep. Dennis Ross (R-FL), who is planning to push an amendment to EPA’s upcoming appropriations bill blocking further EPA survey work. Ross, together with other GOP lawmakers, sent a letter to Jackson earlier this year that criticized the agency for having recently conducted the preliminary survey and demanded that the agency conduct no further flyovers, saying they could hurt Florida’s economy. The lawmakers also called EPA’s long-held Superfund cleanup standards “arbitrary.”

In a Sept. 7 press release, Ross claimed that he had met with Jackson in his Washington, DC office and had won a commitment from the Administrator “to conduct no future radiation flyovers.” In the press release, Ross called the alleged commitment from Jackson “a giant step in the right direction,” because further surveys would “impact every Floridian in thousands of dollars a year in new costs and potentially devastating effects on an already depressed housing market.”

During the meeting with Jackson, Ross said he “made clear that decades of study, from industry to University, show that radiation levels at mining sites in central Florida contain less radiation than living in the suburbs of Denver, and that any radiation monitoring must be done with agreed upon benchmarks based on accepted scientific standards.”

But Ross’s press release “is misleading,” an agency spokeswoman says in a statement to Inside EPA. “Administrator Jackson did not commit to no flyovers – she simply stated at this time there are no plans to do any,” the EPA spokeswoman says.

The EPA spokeswoman also defended the use of aerial surveys, calling them “a common sense, low-cost way of detecting whether there is radiation in the soil, radiation that could harm people in their communities.” The spokeswoman says that “EPA undertakes a strict scientific and public process to determine what levels of radiation are unsafe” and that the agency “has a duty to gather information to ensure public health and the environment are protected.”

EPA is “committed to continuing to work with States to listen and address any issues of concerns,” the spokeswoman says.

Reaching a consensus with state officials regarding the Florida phosphate issue could prove difficult, however. The desire of EPA officials to use their Superfund standards as the basis for any cleanups in the area has long been a source of contention between EPA, Florida and phosphate mining industry officials, and the disagreement has prompted concerns amongst environmentalists who fear the precedent that could be set if EPA abandons its long-held standards.

In addition, Ross is preparing to insert his amendment blocking any additional survey work in the fiscal year 2012 budget bill when it is recalled to the House floor. The amendment would block surveys “of any facility in the State of Florida in Polk county or Hillsborough county that is listed in” EPA’s Superfund database, known as the Comprehensive Environmental Response, Compensation, and Liability Information System (CERCLIS).

But Rep. Edward Markey (D-MA), who has raised concerns about the Florida phosphate issue in the past, may oppose the amendment. A Capitol Hill source said recently that Markey continues to track the issue and may speak in opposition to the Ross amendment when it comes up on the House floor.

In addition, Florida environmentalists are urging Jackson to reject the demands of Ross and the other Florida Republicans, which include Reps. Gus Bilirakis, Vern Buchanan, Richard Nugent and Thomas Rooney. In a July 20 letter, the activists say they “strongly support a fully scientific review of the impacts of phosphate mining, including the aerial radiation surveys which are long overdue.”

A Ross spokesman could not be reached for comment.

© 2000-2011. Inside Washington Publishers

--
Douglas P. Guarino
Associate Editor
Inside Washington Publishers
(Inside EPA's Superfund Report)
1919 South Eads Street, Suite 201
Arlington, VA 22202
703-416-8518
fax:703-416-8543
mailto:[email protected]

GOP Effort To Block EPA Radiation Surveys In Florida Faces Opposition

Superfund Report – 09/05/2011
GOP Effort To Block EPA Radiation Surveys In Florida Faces Opposition
Posted: September 2, 2011
Environmentalists and a key House Democrat are pushing back against a GOP effort to block EPA from doing aerial surveys that could inform a potentially precedent-setting cleanup of an area in central Florida where the agency fears tens of thousands of people living on former phosphate mines may be exposed to dangerous levels of radiation.
At issue are approximately 10 square miles of such lands near Lakeland, FL, where EPA has taken no cleanup action despite its concerns dating back to the late 1970s over residential radiation. EPA’s concerns, made public by an award-winning series of Inside EPA articles in 2010, have prompted a negative reaction from GOP lawmakers representing the area, who say the fears are overblown.
In February, the lawmakers — including GOP Florida Reps. Dennis Ross, Gus Bilirakis, Vern Buchanan, Richard Nugent and Thomas Rooney — sent a letter to EPA Administrator Lisa Jackson in which they take issue with EPA having recently conducted a preliminary aerial survey near the area in question. The survey, which was expected to set the stage for a much more extensive flyover of the area, is considered to be a key early step in a possible cleanup process (Superfund Report, July 11).
Ross, who plans to meet with Jackson in the coming weeks to discuss the issue, is preparing to insert an amendment blocking any additional EPA survey work in the fiscal year 2012 budget bill when it is recalled to the House floor in the coming months. The amendment would block surveys “of any facility in the State of Florida in Polk county or Hillsborough county that is listed in” EPA’s Superfund database, known as the Comprehensive Environmental Response, Compensation, and Liability Information System (CERCLIS) (Superfund Report, Aug. 8).
But the measure may be countered by Rep. Edward Markey (D-MA), who has raised concerns about the Florida phosphate issue in the past. According to a Capitol Hill source, Markey continues to track the issue and may speak in opposition to the Ross amendment when it comes up on the House floor.
In addition, Florida environmentalists are urging Jackson to reject the demands of the GOP lawmakers. In a July 20 letter, the activists say they “strongly support a fully scientific review of the impacts of phosphate mining, including the aerial radiation surveys which are long overdue.”
The groups, which include the Sierra Club Florida Phosphate Committee, Protect Our Watersheds and People Protecting Peace River, say that in addition to aiding EPA’s Superfund evaluation of the former mining areas, information gleamed from the surveys should be included in the Area-Wide Environmental Impact Statement that EPA and the Army Corps of Engineers are preparing relative to proposed new phosphate mines in Florida (Superfund Report, Oct. 15).
The activists also take issue with the GOP lawmakers’ assertion that EPA’s preferred cleanup standard for the Florida sites is “arbitrary.” The activists note that the standard, which dictates that concentrations for radium-226 in soil should not exceed 5 picocures per gram (pCi/g) above what naturally occurs in an area, “is a longstanding national standard which has been used at may sites nationwide to evaluate risk.”
“It would be highly improper to apply a different rule for Florida, or to refuse to look at the data because you don’t want to know what it says, which is the underlying premise of the [GOP] letter,” the activists say. Relevant documents are available on Inside EPA.com. (Doc ID: 2374487)
In their letter, the GOP lawmakers complain that “Florida’s real estate market is already under significant duress as a result of the economic downturn” and that “potential actions by EPA stand to impede Florida’s recovery.”
But the activists challenge this assertion, saying that aerial surveys “allow a scientific evaluation of risk and can have the effect of lifting the stigma currently associated with many such sites.”
The GOP congressmen presume “that this is a debate between economics and public health,” the activists continue. “This simply isn’t true. It’s a debate between powerful narrow corporate interests and a broader regional interest in environmental, public and economic health.” — Douglas P. Guarino
© 2000-2011. Inside Washington Publishers

Douglas P. Guarino
Associate Editor
Inside Washington Publishers
(Inside EPA’s Superfund Report)
1919 South Eads Street, Suite 201
Arlington, VA 22202
703-416-8518
fax:703-416-8543
mailto:[email protected]

Mosaic Appeals District Court Injunction on S. Ft. Meade Mine Extension

Sounds like they have a strong case for a stay.

________________________________________
From: Dennis Mader [mailto:[email protected]]
Sent: Thursday, August 25, 2011 9:08 PM
Hello Everyone:

As you may or may not know, Mosaic filed a notice of appeal on July 15 with the 11th Circuit regarding our second preliminary injunction which was granted on July 8. That appeal (No. 11-13277-EE) has officially begun with the filing of Mosaic’s Motion for Stay Pending Appeal, which is attached here. Eric asked that I send all of you a copy of the document; if there are any questions, please feel free to contact me.

Best,

Amber E. Williams
Paralegal
Sierra Club Environmental Law Program
1650 38th Street, Suite 102W
Boulder, Colorado 80301
(T) 303.449.5595 ext. 104
(F) 303.449.6520
[email protected]

Mosaic Appeals District Court Injunction on S. Ft. Meade Mine Extension

Hello Everyone:

As you may or may not know, Mosaic filed a notice of appeal on July 15 with the 11th Circuit regarding our second preliminary injunction which was granted on July 8. That appeal (No. 11-13277-EE) has officially begun with the filing of Mosaic’s Motion for Stay Pending Appeal, which is attached here. Eric asked that I send all of you a copy of the document; if there are any questions, please feel free to contact me.

Best,

Amber E. Williams
Paralegal
Sierra Club Environmental Law Program
1650 38th Street, Suite 102W
Boulder, Colorado 80301
(T) 303.449.5595 ext. 104
(F) 303.449.6520
[email protected]

Fluoride and the Phosphate Connection

Fluoride and the Phosphate Connection

by George C. Glasser

http://www.purewatergazette.net/fluorideandphosphate.htm

Cities all over the US purchase hundreds of thousands of gallons of fresh pollution concentrate from Florida – fluorosilicic acid (H2SiF6) – to fluoridate water.

Fluorosilicic acid is composed of tetrafluorosiliciate gas and other species of fluorine gases captured in pollution scrubbers and concentrated into a 23% solution during wet process phosphate fertilizer manufacture. Generally, the acid is stored in outdoor cooling ponds before being shipped to US cities to artificially fluoridate drinking water.

Fluoridating drinking water with recovered pollution is a cost-effective means of disposing of toxic waste. The fluorosilicic acid would otherwise be classified as a hazardous toxic waste on the Superfund Priorities List of toxic substances that pose the most significant risk to human health and the greatest potential liability for manufacturers.

Phosphate fertilizer suppliers have more than $10 billion invested in production and mining facilities in Florida. Phosphate fertilizer production accounts for $800 million in wages per year. Florida’s mines produce 30% of the world supply and 75% of the US supply of phosphate fertilizers. Much of the country’s supply of fluoro-silicic acid for water fluoridation is also produced in Florida.

Phosphate fertilizer manufacturing and mining are not environment friendly operations. Fluorides and radionuclides are the primary toxic pollutants from the manufacture of phosphate fertilizer in Central Florida. People living near the fertilizer plants and mines, experience lung cancer and leukemia rates that are double the state average. Much of West Central Florida has become a toxic waste dump for phosphate fertilizer manufacturers. Federal and state pollution regulations have been modified to accommodate phosphate fertilizer production and use: These regulations have included using recovered pollution for water fluoridation.

Radium wastes from filtration systems at phosphate fertilizer facilities are among the most radioactive types of naturally occurring radioactive material (NORM) wastes. The radium wastes are so concentrated, they cannot be disposed of at the one US landfill licensed to accept NORM wastes, so manufacturers dump the radioactive wastes in acidic ponds atop 200-foot-high gypsum stacks. The federal government has no rules for its disposal.

During the late 1960s, fluorine emissions were damaging crops, killing fish and causing crippling skeletal fluorosis in livestock. The EPA became concerned and enforced regulations requiring manufacturers to install pollution scrubbers. At that time, the facilities were dumping the concentrated pollution directly into waterways leading into Tampa Bay.

Read more: http://www.purewatergazette.net/fluorideandphosphate.htm

Class-Action Silicofluoride Lawsuit

LEAD, ARSENIC, SILICOFLUORIDE ADDED TO DRINKING WATER
Notice of Liability Served on Seattle and Everett
Suit Filed in Federal Court in San Diego

http://fluoride-class-action.com/hempfest-2011

August 20, 2011

Seattle, Everett, Tacoma and other cities use silicofluoride as the fluoridation material they add to their drinking water. Silicofluoride and sodium fluoride are much more toxic than naturally occurring calcium fluoride. Calcium fluoride can be the most pure; sodium fluoride is industrial grade but relatively free of contaminants; silicofluoride is industrial grade toxic waste and highly contaminated with heavy metals.

Silicofluoride contains lead. http://www.nsf.org/business/water_distribution/pdf/NSF_Fact_Sheet.pdf. The EPA maximum contaminant level (MCL) for lead is 15 ppb, and the maximum contaminant level goal (MCLG) is zero. Lead permeates all cells in the body, reduces IQ, and causes kidney disease and high blood pressure.

In 2004, the Seattle papers reported that lead at up to 1,600 ppb was found in drinking water in old Seattle schools. Silicofluoride, unlike more expensive sodium fluoride, leaches lead out of brass pipes. http://www.fluoridealert.org/sf-masters.htm.

New brass pipes contain around 8% lead and older pipes contain as much as 30% lead. All old schools, old homes, old apartment buildings, old hospitals, old office buildings, and old factories can be expected to contain brass pipes with high lead content, which silicofluoride will leach out. http://fluoride-class-action.com/hhs/comments-re-lead.

If water districts stopped fluoridating with silicofluorides, lead levels in water in old buildings would drop dramatically and lead levels in blood would drop dramatically. http://www.fluoridealert.org/sf-masters.htm.

Fluoridation exists within a blindspot. It has become an article of faith. One is told not to try to understand the mystery but to believe in it fervently nevertheless. When it comes to politics, one is saved by faith in fluoride. A politician who opposes fluoridation will have to contend with the wrath and bottomless war chest of the pro-fluoride dental lobby, who probably get their money indirectly from the silicofluoride manufacturers.

Read More: http://fluoride-class-action.com/hempfest-2011

Federal Appeals Court Rules Against Florida Polluters

Federal Appeals Court Rules Against Polluters and for Clean Water
Eleventh Circuit in Atlanta rules in Favor of EPA settlement with Earthjustice

http://earthjustice.org/news/press/2011/federal-appeals-court-rules-against-polluters-and-for-clean-water

August 3, 2011
Tallahassee, FL

A federal appeals court today struck down a challenge filed by polluting industries and upheld a historic clean water settlement between the U.S. Environmental Protection Agency and Earthjustice. The 2009 settlement requires EPA to set limits on sewage, fertilizer and manure in Florida’s waterways.

Unchecked, the phosphorus and nitrogen in sewage, manure and fertilizer are sparking repeated toxic algae outbreaks in Florida waters. See pictures of toxic algae blooms at Slideshow: Florida Nutrient Pollution and Algae Blooms and Florida Water Coalition’s website. These outbreaks are a public health threat because they can make people and animals sick, contaminate drinking water, cause fish kills, and shut down swimming areas. Most recently, the Caloosahatchee River in southwest Florida was covered with nauseating green slime and rotting fish for weeks.

“The polluters keep trying to use our public waters as their private sewers, but we intend to keep fighting them. They have to take responsibility for their mess,” said Earthjustice attorney David Guest. “Our economy depends on tourism, and nobody wants to come to Florida to look at dead fish and slime-covered water.”

“This court decision is a win for Florida’s families. We should not have to endure the public health threat posed by contaminated rivers, springs, lakes and beaches. We are talking about the water that flows from our kitchen taps. It needs to be clean.”
A who’s-who of Florida’s leading polluting industries filed a legal challenge to stop the cleanup in January. The federal court ruled against them today.

“This pollution is preventable. Several courts have now ruled that Florida needs limits on this pollution to keep our water clean.”

“The polluters have been using scare tactics, bogus science, underhanded political bullying, and campaign cash to try to get their way. Fortunately, the Clean Water Act is still a good law that protects ordinary citizens, and it prevailed today.”

Contact:
David Guest, Earthjustice, (850) 681-0031