Mosaic Announces Hurricane Helene Impacts
The Mosaic Company (NYSE:MOS) has provided an update on the impact of Hurricane Helene on its North American Phosphates operations. The Tampa port, which was closed before the hurricane, reopened on Sunday. Initial assessments indicate damage across facilities. The Riverview facility is currently offline due to water intrusion from the storm surge and is expected to return to full production capacity in about 10 days as cleanup and water mitigation are completed.
Mosaic reports that all employees are safe and accounted for. The company has contributed $300,000 to organizations assisting Florida operating communities affected by the hurricane. Additionally, Mosaic has implemented several programs to support its affected team members, including an Employee-to-Employee Assistance Fund to provide financial assistance for hurricane recovery efforts in Florida.
The Mosaic Company (NYSE:MOS) ha fornito un aggiornamento sull'impatto dell'Uragano Helene sulle sue operazioni di fosfati in Nord America. Il porto di Tampa, chiuso prima dell'uragano, ha riaperto domenica. Le valutazioni iniziali indicano danni alle strutture. La struttura di Riverview è attualmente offline a causa di un'intrusione d'acqua provocata dallo tsunami e si prevede che torni a piena capacità produttiva in circa 10 giorni una volta completate le operazioni di pulizia e mitigazione delle acque.
Mosaic riporta che tutti i dipendenti sono sani e salvi. L'azienda ha contribuito con 300.000 dollari a organizzazioni che assistono le comunità della Florida colpite dall'uragano. Inoltre, Mosaic ha implementato diversi programmi per supportare i membri del suo team colpiti, incluso un Fondo di Assistenza tra Dipendenti per fornire assistenza finanziaria per gli sforzi di recupero dall'uragano in Florida.
The Mosaic Company (NYSE:MOS) ha proporcionado una actualización sobre el impacto del Huracán Helene en sus operaciones de fosfatos en América del Norte. El puerto de Tampa, que estuvo cerrado antes del huracán, reabrió el domingo. Las evaluaciones iniciales indican daños en las instalaciones. La instalación de Riverview está actualmente fuera de servicio debido a la intrusión de agua causada por la marejada y se espera que vuelva a su capacidad de producción total en aproximadamente 10 días una vez que se completen las tareas de limpieza y mitigación del agua.
Mosaic informa que todos los empleados están a salvo y se han contabilizado. La compañía ha contribuido con 300,000 dólares a organizaciones que asisten a las comunidades de Florida afectadas por el huracán. Además, Mosaic ha implementado varios programas para apoyar a sus miembros del equipo afectados, incluyendo un Fondo de Asistencia entre Empleados para proporcionar asistencia financiera para los esfuerzos de recuperación del huracán en Florida.
The Mosaic Company (NYSE:MOS)는 북미 인산염 운영에 대한 허리케인 헬렌의 영향에 대한 업데이트를 제공했습니다. 허리케인 이전에 닫혔던 탬파 항구는 일요일에 재개장했습니다. 초기 평가에 따르면 시설 전반에 걸쳐 손상이 발생한 것으로 나타났습니다. 리뷰 뷰 시설은 폭풍 해일로 인한 물 침투로 현재 가동 중지 상태이며, 청소와 물 Mitigation 이 완료되면 약 10일 후에 완전 생산 능력으로 돌아올 것으로 예상됩니다.
Mosaic은 모든 직원의 안전과 현황이 확인되었다고 보고합니다. 회사는 허리케인에 영향을 받은 플로리다 운영 커뮤니티를 지원하는 기관에 300,000 달러를 기부했습니다. 또한 Mosaic은 영향을 받은 팀원들을 지원하기 위해 직원 간 지원 기금을 포함하여 여러 프로그램을 구현했습니다. 이는 플로리다에서 허리케인 회복 작업을 위한 재정 지원을 제공합니다.
The Mosaic Company (NYSE:MOS) a fourni une mise à jour sur l'impact de l'ouragan Helene sur ses opérations de phosphates en Amérique du Nord. Le port de Tampa, qui était fermé avant l'ouragan, a rouvert dimanche. Les évaluations initiales indiquent des dommages à travers les installations. La structure de Riverview est actuellement hors service en raison d'une intrusion d'eau causée par la marée de tempête et devrait retrouver sa capacité de production totale dans environ 10 jours une fois les travaux de nettoyage et de mitigation de l'eau terminés.
Mosaic rapporte que tous les employés sont en sécurité et vérifiés. L'entreprise a contribué 300 000 dollars à des organisations qui assistent les communautés de Floride touchées par l'ouragan. De plus, Mosaic a mis en œuvre plusieurs programmes pour soutenir ses membres d'équipe affectés, y compris un Fonds d'Aide entre Employés pour fournir une assistance financière pour les efforts de récupération après l'ouragan en Floride.
The Mosaic Company (NYSE:MOS) hat ein Update zu den Auswirkungen des Hurrikans Helene auf ihre Phosphatoperationen in Nordamerika gegeben. Der Hafen von Tampa, der vor dem Hurrikan geschlossen war, wurde am Sonntag wiedereröffnet. Erste Bewertungen zeigen Schäden an den Einrichtungen. Die Riverview-Anlage ist derzeit aufgrund von Wasserintrusion durch die Sturmflut offline und wird voraussichtlich in etwa 10 Tagen wieder ihre volle Produktionskapazität erreichen, nachdem die Cleanup- und Wasserabwehrmaßnahmen abgeschlossen sind.
Mosaic berichtet, dass alle Mitarbeiter sicher und wohlauf sind. Das Unternehmen hat 300.000 Dollar an Organisationen gespendet, die den von dem Hurrikan betroffenen Gemeinschaften in Florida helfen. Darüber hinaus hat Mosaic mehrere Programme implementiert, um seine betroffenen Teammitglieder zu unterstützen, darunter einen Mitarbeiter-zu-Mitarbeiter-Hilfsfonds, um finanzielle Unterstützung für die Wiederaufbaumaßnahmen in Florida nach dem Hurrikan bereitzustellen.
- damage sustained across facilities
- Riverview facility expected to return to full production capacity in about 10 days
- All employees are safe and accounted for
- Riverview facility currently offline due to water intrusion
- Temporary production disruption at Riverview facility
Insights
Hurricane Helene's impact on Mosaic's operations appears to be relatively , with the most significant effect being the temporary shutdown of the Riverview facility. The expected 10-day downtime at Riverview will likely result in a short-term production loss, potentially affecting Q4 revenues. However, the quick reopening of the Tampa port and damage across other facilities suggest that the overall financial impact may be manageable.
The
Investors should monitor for any potential supply chain disruptions or unexpected repair costs in the coming weeks. The company's ability to quickly resume full operations will be important in minimizing the financial impact of this event.
The impact of Hurricane Helene on Mosaic's operations appears to be moderate. The most significant operational challenge is the water intrusion at the Riverview facility, which has caused a temporary shutdown. A 10-day recovery period for a phosphate production facility is relatively quick, indicating that the damage is likely not severe and that Mosaic has effective disaster recovery protocols in place.
The reopening of the Tampa port within days of the hurricane is important for maintaining supply chain continuity. This quick turnaround suggests that Mosaic's logistics and distribution capabilities have not been significantly impaired. The damage reported across other facilities is also a positive sign for maintaining overall production capacity.
Investors should pay attention to any potential lingering effects on production efficiency or unexpected maintenance issues that may arise in the coming weeks as a result of the storm. The company's ability to meet customer demands during this period will be a key indicator of its operational resilience.
TAMPA, FL / ACCESSWIRE / September 30, 2024 / The Mosaic Company (NYSE:MOS) today provided an update on the impact of Hurricane Helene to North American Phosphates operations. The Tampa port, which was closed ahead of the hurricane, was reopened Sunday. Early assessments show limited damage sustained across the facilities. The Riverview facility is currently offline, as it experienced water intrusion caused by the storm surge, and is expected to return to full production capacity in about 10 days as site cleanup and water mitigation are completed.
As the recovery continues, Mosaic is pleased to announce all employees are safe and accounted for at this time, and has contributed
About The Mosaic Company
The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphates and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.
Contacts:
Investors: Jason Tremblay, 813-775-4226 jason.tremblay@mosaicco.com | Media: |
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This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements about proposed or pending transactions or strategic plans and other statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: political and economic instability and changes in government policies in countries in which we have operations; the predictability and volatility of, and customer expectations about, agriculture, fertilizer, raw material, energy and transportation markets that are subject to competitive and other pressures and economic and credit market conditions; the level of inventories in the distribution channels for crop nutrients; the effect of future product innovations or development of new technologies on demand for our products; changes in foreign currency and exchange rates; international trade risks and other risks associated with Mosaic's international operations and those of joint ventures in which Mosaic participates, including the performance of MWSPC, the future success of current plans for MWSPC and any future changes in those plans; risks related to the anticipated value of the Ma'aden shares to be issued in the proposed transaction at transaction announcement and at closing, the expected timing and likelihood of completion of the pending Ma'aden transaction, including the inability to receive the required approval by Ma'aden shareholders and other approvals, including potential regulatory approvals, necessary to complete the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable agreement; the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of Ma'aden and MWSPC; difficulties with realization of the benefits of our natural gas based pricing ammonia supply agreement with CF Industries, Inc., including the risk that the cost savings initially anticipated from the agreement may not be fully realized over its term or that the price of natural gas or ammonia during the term are at levels at which the pricing is disadvantageous to Mosaic; customer defaults; the effects of Mosaic's decisions to exit business operations or locations; changes in government policy; changes in environmental and other governmental regulation, including expansion of the types and extent of water resources regulated under federal law, carbon taxes or other greenhouse gas regulation, implementation of numeric water quality standards for the discharge of nutrients into Florida waterways or efforts to reduce the flow of excess nutrients into the Mississippi River basin, the Gulf of Mexico or elsewhere; further developments in judicial or administrative proceedings, or complaints that Mosaic's operations are adversely impacting nearby farms, business operations or properties; difficulties or delays in receiving, increased costs of or challenges to necessary governmental permits or approvals or increased financial assurance requirements; resolution of global tax audit activity; the effectiveness of Mosaic's processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida, the Mississippi River basin, the Gulf Coast of the United States, Canada or Brazil, and including potential hurricanes, excess heat, cold, snow, rainfall or drought; actual costs of various items differing from management's current estimates, including, among others, asset retirement, environmental remediation, reclamation or other environmental regulation, Canadian resources taxes and royalties; reduction of Mosaic's available cash and liquidity, and increased leverage, due to its use of cash and/or available debt capacity to fund financial assurance requirements and strategic investments; brine inflows at Mosaic's potash mines; other accidents and disruptions involving Mosaic's operations, including potential mine fires, floods, explosions, seismic events, sinkholes or releases of hazardous or volatile chemicals; and risks associated with cyber security, including reputational loss; as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.
SOURCE: The Mosaic Company
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FAQ
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