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Mosaic softens blow of major profit drop with $1 billion share repurchase program

Ana Komnenic | February 12, 2014 | 12:47 am Canada Europe Potash 

Fertilizer producer Mosaic has reported a 79% drop in profit in the last quarter of 2013, reflective of the weakened phosphate and potash market. But following a year of significant pricing pressure and lower-than-expected sales volumes, Mosaic's board of directors...

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