One of Mosaic's core values is to create enriched communities wherever we maintain operations. In support of this commitment, Mosaic and our employees are contributing over $3.4 million to United Way agencies serving in our operating areas this year - more than $2.1 million in Florida alone.
Are phosphate companies required to be financially responsible?Yes. Mosaic is committed to meeting financial
responsibility requirements on a federal, state and local level.
There are multiple, often overlapping, financial responsibility
mechanisms in place to ensure safety of our operations and
completion of reclamation. In addition, since 1971 the
industry has paid more than $1.95 billion in severance taxes. Since
1979, the Conservation and Recreation Lands Trust Fund (CARL) has
received more than $530 million of these severance tax
dollars.
In the past few years, financial rules and statutes regulating the
phosphate industry have increased the severance tax rate, penalties
for misrepresentation, stringency tests and assurances for wetlands
mitigation. The industry is now paying a tax of $3.325
per ton of phosphate rock severed. Individual phosphate industry
employees can be fined $50,000 and go to jail for five years for
each offense if they misrepresent their company's financial
condition or fail to comply with department rules.