1、2006 annual reportBringing It All Together2006 annual reportBringing It All Together3shareholderletter8ourbusinesssegments14ourcustomercommitment16ouremployees,ourcommunities20ourenvironmentalresponsibility23financialstatementsmosaic|2006 annual reportBringing It All Togethermosaic is a global compa
2、ny in the business of mining,manufacturing and marketing crop nutrients that help nourish a growing world population.the measure of mosaics success begins with creating engaged employees who are committed to developing enthusiastic customers and enriching the communities where they live and work.by
3、succeeding in these areas,we will create superior shareholder returns,and achieve our vision of being the global leader in nourishing crops,delivering distinctive value to world agriculture and to all we touch.our management team has made tough decisions that have positioned mosaic to capitalize on
4、an increasingly upbeat outlook for global agriculture and the crop nutrient business.mosaic|2006 annual reportSignificant events hurt our financial performance last year and extended the timelines for achieving some of our key corporate objectives.But our management team has made tough decisions in
5、this difficult environment that have positioned Mosaic to capitalize on an increasingly upbeat outlook for global agriculture and the crop nutrient business.The powerful hurricanes that ripped through the Gulf Coast last summer negatively impacted our business in many ways.Our mining and processing
6、operations are energy intensive,and the surge in energy prices following the hurricanes increased our cost structure.The jump in energy costs pushed up the price of many fertilizer products to record levels.That caused a significant drop in nutrient use last year.The extreme volatility in energy pri