Mosaic Updates Market on Esterhazy Brine Inflow


    



    
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<p>PLYMOUTH, Minn., <chron>Nov. 12</chron> /CNW/ -- The Mosaic Company (NYSE:   MOS) responded to market rumors about elevated levels of brine inflow in the mined out area at its Esterhazy, Saskatchewan potash mine.</p>
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<p>The Company said that brine inflow rates rise and fall regularly. The current rate of brine inflow is elevated, but within the historical range of inflows at Esterhazy.  The Company is evaluating the inflow and is managing it as in the past.  Mosaic has successfully mitigated brine inflows at its Esterhazy mine since 1985.</p>
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<p>The Esterhazy mine has an annual production capacity of approximately 5.3 million tonnes.</p>
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    About The Mosaic Company

    
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<p>The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients.  Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry.  More information on the company is available at <a href="http://www.mosaicco.com">www.mosaicco.com</a>.</p>
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<p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Such statements include, but are not limited to, statements about future financial and operating results.  Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties.  These risks and uncertainties include but are not limited to the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and the effects of the current economic and financial turmoil; the build-up of inventories in the distribution channels for crop nutrients; changes in foreign currency and exchange rates; international trade risks; changes in government policy; changes in environmental and other governmental regulation, including greenhouse gas regulation; difficulties or delays in receiving, or increased costs of, necessary governmental permits or approvals; the effectiveness of our processes for managing our strategic priorities; adverse weather conditions affecting operations in Central Florida or the Gulf Coast of the <location>United States</location>, including potential hurricanes or excess rainfall; actual costs of asset retirement, environmental remediation, reclamation or other environmental regulation differing from management's current estimates; accidents and other disruptions involving Mosaic's operations, including brine inflows at its Esterhazy, Saskatchewan potash mine and other potential mine fires, floods, explosions, seismic events or releases of hazardous or volatile chemicals, as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission.  Actual results may differ from those set forth in the forward-looking statements.</p>
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For further information: For further information: Rob Litt, +1-763-577-6187, Investors, Christine Battist, +1-763-577-2828, both of The Mosaic Company Web Site: http://www.mosaicco.com

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