Mosaic misses quarterly profit estimates, finance chief to retire
Mosaic had cut its Q3 production forecast following equipment failures in Canada and hurricanes at the US Gulf Coast.
Sirius Minerals, which is trying to build a deep fertiliser mine in North Yorkshire, has had to take a stake in a Brazilian distributor to gain access to the world’s most important and fastest growing fertiliser market.
The UK listed miner announced a share swap Monday, handing over £27m of stock for a 30 per cent stake in Cibra, Brazil’s sixth largest distributor and a subsidiary of the privately held Omimex Group, a Texan oil and gas company.
