Mosaic to Sell Brazil Potash Mining Operations to VL Mineracao
Key Takeaways Mosaic will sell its Brazilian potash unit MPM to VL Mineracao for up to 22 million in asset retirement obligations.Mosaic expects a 70 million book loss from the transaction.The Mosaic Company (MOS) has agreed to sell Mosaic Potassio Mineracao Ltda (MPM) —operator of the Taquari-Vassouras potash mine in Rosário do Catete, Sergipe, Brazil — to VL Mineracao Ltda. Under the deal, VL Mineracao will pay up to 12 million ...