APRIL 8, 2026 AT 03:07 PM
Mosaic (MOS) to idle Araxá and Patrocínio mining complexes in Brazil and workforce reductions to occur at Araxá and Patrocínio sites; to pursue sale of Araxá assets and continue niobium development at Patrocínio
Importance
Level 1
- Expects Q1 2026 pre-tax book impact of USD 350-400mln, including USD 275-300mln impairment.
- Nearing completion of technical assessment work related to niobium at Patrocínio.