Source: Mosaic Company

The Mosaic Company announced the completion of its previously announced investment in a joint venture with subsidiaries of Vale S.A. and Mitsui & Co., Ltd. that owns a phosphate rock mine in the Bayovar region in Peru.

Terms of the investment include a 35 percent economic interest in the joint venture along with a commercial offtake supply agreement for up to 35 percent of the mine's phosphate rock production. Mosaic paid Vale $385 million for the stake in the joint venture.

Original press release