Slide 1: The Mosaic Company: Hardee County Extension at South Fort Meade Phosphate Mine
The Mosaic Company Jim Prokopanko, President and Chief Executive Officer Larry Stranghoener, Executive VP and Chief Financial Officer Rich Mack, Executive VP, General Counsel and Corporate Secretary Christine Battist, Director, Investor Relations Hardee County Extension at South Fort Meade Phosphate
Slide 2: Safe Harbor Statement
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results. Such statements are based upon the current beliefs and expectati
Slide 3: Summary
Summary Slide 3 Preliminary Injunction issued Appeal process is underway Status of South Fort Meade mine
Slide 4: Overview
Overview South Fort Meade Mine 48 million tonnes of phosphate ore in Hardee County Annual rock capacity of 6 million tonnes Mining in Polk County since 1995 Remaining reserves in Polk County very limited
Slide 5: Exhaustive Review Completed
Exhaustive Review Completed Over a period of seven years, permits were studied, scrutinized, and approved by: U.S. Army Corps of Engineers U.S. Environmental Protection Agency U.S. Fish and Wildlife Service Florida Department of Environmental Protection Hardee County Local Government Administrative
Slide 6: Most comprehensive permit ever issued in the phosphate mining industry
Most comprehensive permit ever issued in the phosphate mining industry Conditions to the SFM-HC Permit The South Fort Meade permit contains considerable environmental protection and conditions including: Avoids more than 73% of wetlands Avoids more than 65% of streams Avoids more than 70% of all bay
Slide 7: Current state of SFM-HC
Current state of SFM-HC Federal wetland example: Ditched natural stream
Slide 8: Reclaimed wetlands
Reclaimed wetlands Reclamation example: Maron Run stream mitigation on Polk County side of SFM mine
Slide 9: District Court Order
District Court Order US District Court for the Middle District of Florida issued preliminary injunction and remanded matter back to the Army Corps Summary of Order: The Court determined there was insufficient consideration of alternatives Notwithstanding this, the court noted Mosaic may be able to d
Slide 10: Mine Update
South Fort Meade Mine Update
Slide 11: Next Steps in the Legal Process
Next Steps in the Legal Process Appeal with 11th Circuit Court of Appeals File motion requesting a Stay of the Preliminary Injunction Further review alternatives analysis Estimate appeal process could be completed in less than a year, though this subject to considerable uncertainty
Slide 12: Mine Update
South Fort Meade Mine Update
Slide 13: Summary
Summary Slide 13 Continue working with customers to meet their needs Preparing appeal to 11th Circuit Court of Appeals Updates to come
Slide 14: Thank you
Thank you For years, a phosphate mine at Hardee Lakes helped supply essential nutrients for crops. Today, the reclaimed land provides a natural habitat for wildlife and a tranquil recreation area for Central Florida residents.