Simpson Thacher represented The Mosaic Company (“Mosaic”) (NYSE: MOS) in connection with its investment in a joint venture to produce phosphate in Saudi Arabia. The $7 billion project will be 60% owned by Saudi Arabian Mining Company ("Ma'aden"), 25% by Mosaic and 15% owned by petrochemical company Saudi Basic Industries Corporation ("SABIC").  Mosaic's role will be to help design, build and operate the project, in exchange for one quarter of the project's production.  Subject to final financing terms, Mosaic's cash investment is expected to be up to $1 billion, funded over a four-year period beginning in 2013.
 
The Simpson Thacher team for the transaction includes Eric Swedenburg and Ravi Agarwal (M&A); Steve Todrys (Tax); and Lori Lesser (Intellectual Property).