![]() The Mosaic Company Jim Prokopanko, President and Chief Executive Officer Larry Stranghoener, Executive VP and Chief Financial Officer Rich Mack, Executive VP, General Counsel and Corporate Secretary Christine Battist, Director, Investor Relations Hardee County Extension at South Fort Meade Phosphate Mine August 2, 2010 Exhibit 99.3 |
![]() This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results. Such statements are based upon the current beliefs and expectations of management of The Mosaic Company (the “Company”) and are subject to significant risks and uncertainties. These risks and uncertainties include but are not limited to further developments in the lawsuit involving the federal wetlands permit for the Hardee County extension including orders, rulings, injunctions or other actions by the courts or actions by the plaintiffs, the Army Corps of Engineers or others in relation to the lawsuit; any actions the Company may identify and implement in an effort to mitigate the effects of the lawsuit; 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; changes in foreign currency and exchange rates; international trade risks; changes in government policy; changes in environmental and other governmental regulation, including greenhouse gas regulation; other difficulties or delays in receiving, or increased costs of, necessary governmental permits or approvals; the effectiveness of the Company’s processes for managing its strategic priorities; adverse weather conditions affecting operations in Central Florida or the Gulf Coast of the United States, including potential hurricanes or excess rainfall; actual costs of asset retirement, environmental remediation, reclamation or other environmental regulation differing from management’s current estimates; accidents and other disruptions involving the Company’s operations, including brine inflows at its Esterhazy, Saskatchewan potash mine and other potential mine fires, floods, explosions, seismic events or releases of hazardous or volatile chemicals, as well as other risks and uncertainties reported from time to time in the Company’s reports filed with the Securities and Exchange Commission. Safe Harbor Statement 2 |
![]() Summary Slide 3 Preliminary Injunction issued Appeal process is underway Status of South Fort Meade mine |
![]() 4 South Fort Meade Mine 48 million tonnes of phosphate ore in Hardee County Annual rock capacity of 6 million tonnes Mining in Polk County since 1995 Remaining reserves in Polk County very limited Overview |
![]() Exhaustive Review Completed Over a period of seven years, permits were studied, scrutinized, and approved by: U.S. Army Corps of Engineers U.S. Environmental Protection Agency U.S. Fish and Wildlife Service Florida Department of Environmental Protection Hardee County Local Government Administrative Law Judge Affirmed by State Court of Appeals |
![]() 6 Conditions to the SFM-HC Permit The South Fort Meade permit contains considerable environmental protection and conditions including: Avoids more than 73% of wetlands Avoids more than 65% of streams Avoids more than 70% of all bay systems Avoidance was increased by Corps “hard look” permit review and EPA’s recommendations Avoidance results in 36% of available ore being left in the ground Most comprehensive permit ever issued in the phosphate mining industry |
![]() 7 Current state of SFM-HC Federal wetland example: Ditched natural stream |
![]() 8 Reclaimed wetlands Reclamation example: Maron Run stream mitigation on Polk County side of SFM mine |
![]() 9 District Court Order US District Court for the Middle District of Florida issued preliminary injunction and remanded matter back to the Army Corps Summary of Order: The Court determined there was insufficient consideration of alternatives Notwithstanding this, the court noted Mosaic may be able to demonstrate there are no practical alternatives Preliminary injunction in effect until alternatives analysis completed or the case is decided on the merits For purposes of the Preliminary Injunction motion, the Court found that an area-wide EIS is not required prior to issuance of the permit |
![]() South Fort Meade Mine Update |
![]() 11 Next Steps in the Legal Process Appeal with 11th Circuit Court of Appeals File motion requesting a Stay of the Preliminary Injunction Further review alternatives analysis Estimate appeal process could be completed in less than a year, though this subject to considerable uncertainty |
![]() South Fort Meade Mine Update |
![]() Summary Slide 13 Continue working with customers to meet their needs Preparing appeal to 11th Circuit Court of Appeals Updates to come |
![]() Thank you For years, a phosphate mine at Hardee Lakes helped supply essential nutrients for crops. Today, the reclaimed land provides a natural habitat for wildlife and a tranquil recreation area for Central Florida residents. |