NEWS

Mosaic in talks to acquire Vale fertilizer unit in $3bn deal

17 Jun 2016


It was disclosed on www.mining.com | According to US-based Mosaic Co. (NYSE:MOS), the world’s largest producer of phosphate fertilizer, is said to be in talks with Vale (NYSE:VALE) to acquire the Brazilian mining giant’s fertilizer unit, in a deal worth about $3 billion. Vale is the biggest producer of phosphate in Brazil, which in turn is the planet’s fifth-biggest user of fertilizer. It currently operates two potash mines, one in Brazil and one in Peru, and has developing projects in Canada and Mozambique.
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