Mosaic would resume potash expansion if BHP cancels Jansen project, Reuters says In an interview with Reuters the Mosaic (MOS) CFO said it would resume potash expansion if BHP (BHP) cancels the Jansen project. The CFO also stated in the interview that a 'takeover not a strong likelihood."
Mosaic cuts FY15 CapEx $1.1B-$1.3B from $1.1B-$1.4B SG&A expenses to range from $360 to $380 million, inclusive of costs from the recently acquired distribution business in Brazil and Paraguay. Brine management costs to be in the range of $180 to $200 million. The effective tax rate to be in the high teens.
Mosaic reports Q2 EPS $1.08 vs. 64c last year Reports Q2 revenue $2.49B vs. $2.44B last year. The year-over-year change was driven by higher phosphates operating earnings primarily as a result of higher sales volumes, and higher potash operating earnings as a result of higher realized prices and benefits from lower operating costs, partially offset by higher Canadian resource taxes.