The Mosaic Company Announces Settlement of Potash Tolling Litigation

The Mosaic Company MOS announced today that it has reached a settlement with Potash Corporation of Saskatchewan Inc. regarding the parties' dispute over the obligations of Mosaic's wholly-owned subsidiary, Mosaic Potash Esterhazy Limited Partnership, to supply potash from its Esterhazy mine to PCS pursuant to a tolling agreement which began in 1978.  The parties were scheduled to begin trial before the Queen's Bench Judicial Centre of Saskatoon, Saskatchewan in January 2012.  The settlement will resolve the tolling agreement dispute in its entirety, cancel the scheduled trial and dismiss the claim of PCS and the counterclaim of Mosaic.