U.S. fertilizer firm Mosaic plans to set up headquarters for its potash operations in Regina, bringing 120 head office jobs to that city.
The Minneapolis-based company said in a release Thursday it will be the anchor tenant in a new office tower to be built at the corner of 12th Avenue and Hamilton Street in Regina’s downtown.
Mosaic CEO Jim Prokopanko made the announcement at the groundbreaking for the new building, McCallum Hill Tower II, sited just east of the twin towers of McCallum-Hill Centre at the south end of the Scarth Street pedestrian mall.
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Mosaic will take the upper floors of the new building and gets the rights to the building’s top signage.
“This move will continue to show the community we have a long-term commitment to Saskatchewan,” Prokopanko said in the release.
The Mosaic logo is already writ large over Regina; the company signed a 10-year partnership deal with the CFL’s Saskatchewan Roughriders in 2006, which included the naming rights to Taylor Field, now called Mosaic Stadium.
Premier Brad Wall, in Mosaic’s release, described the company as an “outstanding economic partner in our province and an outstanding community partner as well,” citing the company’s contribution of $100,000 to Saskatchewan’s Red Cross for communities hit by severe weather this summer.
Mosaic formed in 2004 through the merger of Cargill’s crop nutrition business and IMC Global. It operates potash mines at Esterhazy, Belle Plaine and Colonsay, Sask., plus mines in Michigan and New Mexico, with a total annual capacity of 10.4 million tonnes, the second-largest in the world behind Saskatoon-based PotashCorp.
Mosaic is also the world’s biggest producer of finished phosphate products, with capacity of 10.3 million tonnes per year, mostly from facilities in Florida and Louisiana.
