Mosaic sold its idle Brazilian phosphate mine for $111 million, boosting capital for higher-return projects.

The Mosaic Company has completed the sale of its idle Patos de Minas phosphate mine in Brazil to Fosfatados Centro SPE Ltda. for $111 million in cash, with $51 million paid at closing and the rest in installments over four years. The move allows Mosaic to redirect capital to higher-return projects and expect a book gain of $80–90 million in Q4 2025. Fosfatados Centro plans to restart operations to supply customized phosphate fertilizers to farmers in Brazil’s Cerrado region, supporting national agricultural goals. The sale is part of Mosaic’s strategy to streamline its portfolio and boost operational efficiency.