Mosaic Idles Hardee County Mine

This article from the Hardee County newspaper The Herald Advocate Sept 6, 2018 discusses the “temporary” closure of the South Pasture Mine and the impact on jobs. Note the comment at the end of the article regarding increased supply from China, Saudi Arabia and Morocco through increased production. Does this portend continuing disruptions in Mosaic’s ability to compete? Florida has only a fraction of the phosphate rock that is available worldwide. Will it become too costly for Mosaic to mine in Florida? What happens then?

Idle Mines