Mosaic Notifies PotashCorp of Satisfaction of Tolling Agreement Obligations

The Mosaic Company (NYSE:MOS) announced it has satisfied its requirement to produce potash for Potash Corporation of Saskatchewan (NYSE:POT).

The press release is quoted as saying:

Based on Mosaic’s calculations, the amount of potash mined for PCS from Mosaic’s reserves is now equal to the amount expected to be mined from the remaining PCS reserves.  As a result, Mosaic believes that it has no further obligation to deliver potash to PCS from the Esterhazy mine, other than PCS’s remaining inventory.

To read the full press release, click here.