Mosaic settles South Fort Meade phosphate mine issue

Mosaic settles South Fort Meade phosphate mine issue

1:47 AM, 22nd February 2012
Mosaic settles South Fort Meade phosphate mine issue
Richard Mack, Executive Vice President, and General Counsel, Mosaic.

PLYMOUTH, US: The Mosaic Company announced a settlement agreement with the Sierra Club, Manasota-88, and people for protecting the Peace river in litigation challenging the company’s federal wetlands permit at the South Fort Meade mine. This permit allows mining of the Hardee County Extension near Florida. The settlement, which is subject to approval by the courts, will resolve the pending appellate and trial court proceedings regarding the permit in their entirety and allow mining at the South Fort Meade mine to proceed.

The agreement includes preservation of approximately 130 acres of land otherwise eligible to be mined by Mosaic, donation of the Peaceful Horse Ranch in DeSoto County to the State of Florida or, certain mitigation, monitoring and site enhancements. “This settlement provides certainty around our South Fort Meade mine and we look forward to bring it back to full production. We’re hopeful this agreement provides the foundation to continue our constructive dialog with these interested stakeholders as we look to the future,” said Richard Mack, Executive Vice President, and General Counsel, Mosaic.

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