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Joe Raedle
Mosaic (NYSE:MOS) stated its services in Florida did not expertise any chemical leaks as Hurricane Ian tore by way of the state.
“As we transfer into restoration mode from Hurricane Ian, our early assessments point out that there have been no environmental releases at our operations,” a spokesperson for the fertilizer maker stated in an emailed assertion. “We are going to proceed inspections over the approaching days to substantiate our preliminary understanding. Our high precedence stays the security of our staff and communities.”
Because the storm bore down on the Florida coast, Mosaic stated its areas had been secured and a few absolutely evacuated. The hurricane made landfall close to Fort Myers, not far south of the corporate’s phosphate rock property.
The corporate’s services had been anticipated to stay closed for no less than every week due to the storm hurricane, an interruption that would cut back Q3 revenues by $240 million to $300 million, Bloomberg Information reported.
Mosaic (MOS) misplaced roughly 400,000 metric tons of completed phosphate merchandise when Hurricane Irma struck southwest Florida 5 years in the past.
Environmental teams had been involved about attainable contamination from phosphate fertilizers as a result of hurricane.
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