NYSE-listed Mosaic on Thursday announced that it would idle production at its Tapira and Catalão phosphate mines, in Brazil, to comply with new regulations governing mine tailings dams.
The company stressed that its mines did not present an imminent risk, but that it had to implement the emergency action plan for the BL1 and BR dams, in Tapira, and the BR dam, in Catalão, as it had not received a requested extension for applying with legislation.