The debottlenecking project at Mosaic’s Faustina plant, under discussion since at least January 2013, is finally moving forward – at a smaller scale than initially proposed.

The FEED contract has been awarded, and the air permit modification is complete pending approval.

The investment decision has not yet been made, but Mosaic incorporates the gross margin impacts in its latest Investor Presentation. Full details in my Research Note for Faustina, LA.