2011 Annual Report

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  • Home
    • To help the world grow the food it needs that's the mission of The Mosaic Company. We believe in it. It inspires our decisions. But fulfilling that mission and achieving our success doesn't just happen...

  • Letter to Shareholders
    • Over the 30 years of my career in agriculture, the visibility and appreciation for Mosaic's mission has increased dramatically. Agriculture is entering a new green revolution, emerging as one of the global...

  • Financial Highlights
    • To help the world grow the food it needs that's the mission of The Mosaic Company. We believe in it. It inspires our decisions. But fulfilling that mission and achieving our success doesn't just happen...

  • Best Crop Nutrition
    Company
    • Our goal is to be globally known as the best crop nutrition company. Achieving this recognition takes ambition and accountability to the stakeholders...

  • Potash and Phosphate
    • Our core values of sustainability and safety, combined with our portfolio of phosphate and potash, our financial strength and our unparalleled global reach help us to achieve our goal of being recognized as the best...

  • Customers and Suppliers
    • Every day, we strive to deliver what our customers value most integrity, reliability, flexibility and a deep knowledge of what they need to succeed.

  • Operational Excellence
    • Achieving our goals means achieving higher levels of performance, every day.

  • Global Strength
    • Unlocking the opportunities of a global market takes real-time insights the kind you only get from having your own presence in the world's major agricultural...

  • Sustainable Practices
    • True stewardship of our environment and our communities means maximizing the benefits we can obtain today, while developing solutions for...

  • Leadership Teams
    • James T. Prokopanko, James "Joc" O'Rourke, Linda K. Thrasher, Gary "Bo" N. Davis, Richard N. McLellan, Norman B. Beug, Lawrence W. Stranghoener, Richard L. Mack, Cindy C. Redding

  • Financial Review
    • Management's Discussion and Analysis of Financial Condition and Results of Operations, Report of Independent Registered Public Accounting Firm, Consolidated Statements of Earnings...

The market for potash holds tremendous promise for Mosaic. Our forecasts predict a combination of robust demand growth over the next decade, met by broad capacity expansions across the industry. The investments we are making to optimize our industry position and capture opportunity in our Potash business are aggressive, cost advantaged and flexible.

During fiscal 2011, Mosaic spent an additional $600 million in capital on expansions at our three Canadian potash mines Belle Plaine, Colonsay and Esterhazy. Mosaic possesses exceptional mineral resources, with a century's worth of ore accessible through existing mines. Expansions to our existing mine and infrastructure allow us to access and bring these resources to market with far less capital than development of new mines.

We anticipate this multi-year expansion effort, which involves almost a dozen distinct projects, will raise our annual nameplate capacity by 50 percent, to approximately 16.5 million tonnes by 2021, further reinforcing our position as one of the world's leading potash companies. This increased capacity includes the prospective reversion of capacity currently allocated to a third party under a tolling agreement.




Located in Peru, Miski Mayo will be a 3.9 million tonne per year phosphate mine and supplements Mosaic's North American phosphate rock resources.