By Brazil Stock Guide – The Mosaic Company (NYSE: MOS) has finalized the sale of its idled phosphate mining unit in Patos de Minas, Minas Gerais, to Fosfatados Centro SPE Ltda. for $111 million, marking a strategic withdrawal from a non-core Brazilian asset. The deal includes an upfront payment of $51 million and installments over four years, with Mosaic expecting a book gain of $80–90 million in the fourth quarter of 2025.
The transaction transfers full responsibility for the mine and tailings dams to Fosfatados Centro, a company linked to agribusiness entrepreneur Rodolfo Galvani Júnior. Mosaic said the sale will free up capital for higher-return operations and improve agility across its global portfolio.
“We are pleased to announce the completion of the sale of our Patos de Minas mine, which allows us to redeploy capital to higher-returning areas,” said Karen Swager, Mosaic’s Executive Vice President of Operations.
Fosfatados Centro said it plans to restart the mining complex to supply phosphate fertilizers to Brazil’s vast Cerrado region, which includes MATOPIBA — an acronym for the agricultural frontier spanning the states of Maranhão, Tocantins, Piauí, and Bahia, one of the country’s fastest-growing grain-producing regions. The company said the initiative supports Brazil’s National Fertilizer Plan, aimed at reducing dependence on imports and strengthening domestic production chains.