Mosiac Resumes Mining at Catalao

Mosaic Fertilizantes, the Brazil-based business unit of The Mosaic Company (NYSE: MOS), has announced that it has resumed mining activities at its Catalão mine in the state of Goiás.

The mine is now operating at full capacity.

As quoted from the press release:

“We are pleased that Catalão has returned to full production,” said Mosaic President and CEO Joc O’Rourke. “We have continued to meet our customers’ needs while Catalão and other mines have been idled, and we believe that we will return to full operation across our Brazilian mines by the end of the third quarter.”

The Catalão mine was idled for two months while the company worked to bring its mine tailings dam into compliance with new Brazilian regulation.

In addition, the first of two dams at the company’s Tapira mine received a certificate of safety. The second dam at Tapira is expected to receive its safety certificate during the third quarter, when the mine will return to full production.

Click here to read the full announcement