Mosaic(MOS)2023-02-22 16:00Phosphate Production and Operations - The Phosphates segment produced approximately 6.3 million tonnes of concentrated phosphate crop nutrients in 2022, accounting for about 69% of estimated North American annual production[27]. - The company’s U.S. phosphate operations have a capacity to produce approximately 4.5 million tonnes of phosphoric acid per year, representing about 7% of global annual capacity and 60% of North American annual capacity[24]. - In 2022, the company’s phosphate rock mines in Florida produced approximately 10.5 million tonnes, which accounted for approximately 47% of estimated North American annual production[28]. - The Miski Mayo Mine in Peru has an annual capacity of 4.0 million tonnes, and the company holds a 75% economic interest in this mine[22]. - The company’s Florida phosphate operations are supplied with ammonia under multi-year contracts, with a capacity of approximately 530,000 tonnes produced at the Faustina facility[37]. - The company has a 25% interest in the Ma'aden Wa'ad Al Shamal Phosphate Company, which produced 2.6 million tonnes of phosphate in 2022, with an expected ramp-up to 3.0 million tonnes in annual production capacity[31]. - The company’s phosphate crop nutrient products are marketed worldwide, with principal products including Diammonium Phosphate (DAP) and Monoammonium Phosphate (MAP)[24]. Potash Production and Operations - The North American potash annualized operational capacity totals 11.2 million tonnes, accounting for approximately 14% of world annual capacity and 34% of North American annual capacity[48]. - In 2022, potash production totaled 9.0 million tonnes, representing approximately 14% of estimated world annual production and 35% of estimated North American annual production[49]. - The Brazilian phosphates operations have a capacity to produce approximately 1.1 million tonnes of P2O5 per year, which is about 70% of Brazilian annual capacity[55]. - The Belle Plaine solution mine typically accounts for approximately 80% of the Potash segment's total natural gas requirements for potash production[51]. - Combined natural gas usage for both solution and shaft mines totaled 17.7 million MM BTU during 2022[51]. Sales and Market Performance - Mosaic Fertilizantes sold approximately 9.4 million tonnes of crop nutrient products in 2022, accounting for approximately 22% of fertilizer shipments in Brazil[53]. - In 2022, Mosaic Fertilizantes produced approximately 2.8 million tonnes of concentrated phosphate crop nutrients, accounting for approximately 49% of estimated Brazilian annual production[57]. - Phosphate rock production in Brazil totaled approximately 4.0 million tonnes in 2022, accounting for approximately 79% of estimated Brazilian annual production[58]. - The company consumed approximately 1.5 million tonnes of phosphate-based products and 2.3 million tonnes of potash products in 2022[55]. - The company sold approximately 230,000 tonnes of blends and distributed another 825,000 tonnes of phosphate and potash crop nutrients in China in 2022[70]. - The company has a 36.2% entitlement percentage of Canpotex for potash sales outside of North America in 2022[77]. Financial and Tax Contributions - In 2022, the company paid approximately 11.4 million in royalties related to the leasing of potash assets and mining rights for Taquari in 2022[67]. Employee and Labor Relations - The company had 13,570 employees as of December 31, 2022, with approximately 9,868 salaried and 3,702 hourly employees[95]. - The company operates under ten collective bargaining agreements in the U.S. and Canada, with about 5% of employees covered by agreements expiring in 2023[96]. - The company has agreements with 35 unions in Brazil, with potential risks of labor stoppages if agreements are not renewed[97]. Community and Environmental Initiatives - The company invests an average of $15 million annually in community initiatives focused on food, water, and local community[105]. - The company has a 2030 diversity and inclusion target for community investment, focusing on underserved populations[106]. - The company aims for zero harm to people and zero environmental incidents through its safety management system[100]. - The company has established a structured approach to manage and control risks for employee safety and well-being[100]. - The company evaluates pay equity annually and intends to address identified disparities during the 2023 compensation cycle[109]. - The company has a global worker wellness program that includes health screenings and mental health resources[101]. - The company is committed to creating a diverse and inclusive workplace, with initiatives to enhance workforce engagement and accountability[107]. Leadership and Management - James "Joc" C. O'Rourke has been the President and CEO since August 2015, previously serving as Executive Vice President - Operations[116]. - Benjamin J. Pratt was appointed Senior Vice President - Government and Public Affairs in April 2020, focusing on corporate communications and U.S. Federal Government relations[117]. - Walter F. Precourt III became Senior Vice President - Strategy and Growth on January 1, 2019, previously overseeing Phosphates and Potash Operations[118]. - Corrine D. Ricard was appointed Senior Vice President - Mosaic Fertilizantes on November 15, 2019, after holding various leadership roles within the company[119]. - Karen A. Swager was named Senior Vice President - Supply Chain effective April 1, 2020, overseeing Procurement and corporate EHS teams[120]. - Yijun ("Jenny") Wang became Senior Vice President - Global Strategic Marketing, Head of China and India on January 1, 2022, previously serving as Vice President - Global Strategic Marketing[121]. Risk Management and Market Analysis - The company has included a discussion about market risks in the Management's Analysis section of the report, indicating a focus on financial condition and results of operations[459].