07:29 AM EDT, 10/06/2025 (MT Newswires) -- Mosaic (MOS) said Monday it completed the sale of its idled Patos de Minas phosphate mining unit in Brazil to Fosfatados Centro for $111 million in cash.

Under the terms of the agreement, Fosfatados Centro paid $51 million at closing, with the balance to be paid in installments over the next four years, Mosaic said.

Fosfatados Centro will assume responsibility for the mine and tailings dams in Patos de Minas, according to a statement.

Mosaic said it expects to record a Q4 gain of $80 million to $90 million in Q4 related to the transaction.