March 19, 2013 at 13:45 PM EDT
Mosaic Invests in Saudi Arabia, Rentech Misses
U.S. fertilizer maker Mosaic (MOS) will spend up to a $1 billion over four years on a joint venture in Saudi Arabia to make phosphate fertilizers, animal feed and other related products for customers in Asia and elsewhere. But fertilizer stocks were down Tuesday after Rentech Nitrogen Partners (RNF) missed analysts' earnings forecasts for the fourth quarter. Mosaic on Tuesday said it will partner with Saudi mining and metals company Maaden and
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