Mosaic Announces Completion of Sale of Potash Mining Operations in Brazil to VL Mineracao
05 November 2025, Tampa: The Mosaic Company (NYSE:MOS) announced today the completion of the previously announced transaction with VL Mineração Ltda. (“VL Mineração”) for the sale of Mosaic Potássio Mineração Ltda., the entity that operates the Taquari-Vassouras potash mine located in Rosário do Catete, Sergipe, Brazil. VL Mineração will take over the mining and processing of potash, as well as maintenance and other obligations. In exchange, Mosaic will receive $27 million (USD) in cash, with $12 million paid at closing, $10 million one year after closing, and up to $5 million over six years as contingent payments. VL Mineração will assume responsibility for approximately $22 million in asset retirement obligations (ARO).
“We are pleased to announce the completion of the sale of the Taquari-Vassouras mining complex,” said Mosaic President and CEO Bruce Bodine. “This transaction advances our strategy of elevating our core business and redeploying capital to opportunities where we have a competitive advantage. We are grateful to the employees who have committed themselves to safely operating and maintaining this facility over the years.”
“We are pleased with the completion of this deal. We are confident that the mine has exceptional production potential, which will be enhanced by our expertise and strategic investments. This will allow us to grow sustainably and strengthen our position as a producer and distributor of Potassium Chloride in Brazil.” said Daniel Moreira, CEO of VL Holding.
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