Mosaic Notifies PotashCorp of Satisfaction of Tolling Agreement Obligations
May. 02, 2011 06:56PM PST
Potash InvestingThe Mosaic Company (NYSE:MOS) announced it has satisfied its requirement to produce potash for Potash Corporation of Saskatchewan (NYSE:POT).
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.