Title: Good News for IMC-Agrico's Future
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Title: Good News for IMC-Agrico's Future
Physical Description: Book
Language: English
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Spatial Coverage: North America -- United States of America -- Florida
 Notes
Abstract: Jake Varn Collection - Good News for IMC-Agrico's Future (JDV Box 39)
General Note: Box 29, Folder 4 ( Water Supply Issues Group (File 2 of 3) - 1996 ), Item 20
Funding: Digitized by the Legal Technology Institute in the Levin College of Law at the University of Florida.
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Bibliographic ID: WL00004820
Volume ID: VID00001
Source Institution: Levin College of Law, University of Florida
Holding Location: Levin College of Law, University of Florida
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CARLTON FIELDS
ATTORNEYS AT LAW


215 SOUTH MONROE STREET, SUITE 500
TALLAHASSEE, FLORIDA 32301-1866
TEL (904) 224-1585 FAX (904) 222-0398


DATE:


MAILING ADDRESS:
POST OFFICE DRAWER 190
TALLAHASSEE, FL 32302-0190


January 20, 1997

Sonny Vergara


COMPANY:

TELEPHONE NO.:


TELECOPIER TEL. NO.:


941/316-1772


FROM:


JAKE VARN


CLIENT/MATTER NO.


firm


TOTAL NO. PAGES TRANSMITTED (INCLUDING COVER LETTER)


MESSAGE:


The information contained in this facsimile message is attorney privileged and confidential information intended only
for the use of the individual or entity named above. If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution or copy of this communication is strictly prohibited. If you
have received this communication in error, please immediately notify us by telephone (if long distance, please call
collect) and return the original message to us at the above address via the U.S. Postal Service. Thank you.


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IF THERE ARE ANY PROBLEMS OR COMPLICATIONS, PLEASE NOTIFY US IMMEDIATELY AT:
(904) 224-1585



TELECOPIER OPERATOR:









CARLTON, FIELDS, WARD, EMMANUEL, SMITH & CUTLER, P.A.
TAMPA ORLANDO PENSACOLA TALLAHASSEE WEST PALM BEACH ST. PETERSBURG












Good News for

IMC-Agrico's Future

On October 7, IMC-Agrico announced the
purchase of approximately 24,000 acres of phosphate
reserves in DcSoto and Manatee counties. The land
was acquired from Consolidated Minerals Inc., a
private company headquartered in Leesburg, FL, for
approximately $31 million plus future potential
royalties.
The purchase is positive news for the future of
our company and significant news for the west
central Florida region. This Q&A will give you
some basic information about the acquisition, what's
happening now, and what will happen in the future.

Q. What will IMC-Agrico do with
the property?
A. We plan to mine phosphate and separate the
rock from sand and clay in a washer and flotation
plant that will be constructed on the property. The
site of this facility is undetermined. Beyond this, we
are still in the very early planning phase because this
is such a new project for us. We can tell you we have
no plans to build a chemical manufacturing facility
on this site. That is a certainty.

Q. Where is the property located? Is
it adjacent to any other IMC-A land?
A It's seven miles west of Arcadia. About 17,000
acres are in DeSoto County, with the balance in
Manatee.

Q. How long will it take?
A. Typically it takes five to 10 years to begin
operating a new mine, including permitting, design
and construction. Vice President Lee Thurner
estimates it will be about seven years before mining
can begin. Many factors in the permitting process,
however, can change these projections.


Q. What size operation is planned?
A. Details aren't firm and we don't have any
employment projections, but it is expected that the
operation will have about the same capacity as Four
Corners.

Q. Will there be anything new or
different about mining these reserves?
A. Yes. Design and operation of the mine and
related facilities will reflect the latest and best
developments in mining, water conservation, land
reclamation and environmental protection. In our
operations systemwide, we are proud to have reduced
our overall groundwater use by 75% since 1990. In
Fact, our largest mine, Four Corners, has used no
groundwater for operations since 1993. We intend
to incorporate what we have learned to minimize the
use of groundwater at the new mine.


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Q. Will this be part of any existing
operation?
A. No. It is planned for this to be a stand-alone
mining operation that will provide phosphate rock to
the concentrate plants in Polk County.

Q. How will the rock be transported?
A The method for transporting rock to the Polk
County concentrate plants is still undecided. Op-
tions to be considered include, but are not limited to,
rail, conveyors or pipeline.


Q. Why was the decision made to
buy this particular site?
A. This site contains some of the best undevel-
oped phosphate reserves left in Central Florida -
about 100 million tons of high-quality phosphate
rock averaging 67 BPL (Bone Phosphate of Lime).
'The acquisition increases our reserves by 25 percent
and helps strengthen IMC-Agrico's position as a
leading world supplier.


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;j











































A The green area on the map above indicates
the location of approximately 24,000 acres of
phosphate reserves recently purchased by IMC-
Agrico.



Q. What's happening now in the
planning process?
There is a tremendous amount of work in the
earliest stages, including preparation for a Develop-
ment of Regional Impact. This is a major study that
determines how a large development will affect a
region's water consumption, traffic and natural
resources.
The company is already talking about the future
project with environmental, community and govern-
ment leaders. It is our intent to enlist their involve-
ment in making this the most socially, environmen-
tally and economically successful project possible.


;.ad to' dress everything from financial matters .]
.and land; management issues to public affairs
concerns.',;.. : ,
.'.The team consisted of Tip Fowler, senior VP-
operations; LeeThurner, VP and technical man- -
,agei; Wayne Castles, planning/analysis manager, .
,Chris Damiano, senior financial analyst; Steve F. '
is;,. senior project analyst; Bruno deZaya,'senior
rojecf engieer;'Mike Hutchens- reserves/planning
.supenntendent; Bob Kinsey, engineering manager,;
iSelwyn Presnell, environmental services manager;
,Paddy Rice land resources manager; Ted Smith, ,'.
fhief mmnedevelopment engineer; Vince Snow, .
proct.engngeng manager; Paul Cacioppo, .
n resoures'and public affairs manager; and "
nYoumanpublic affairs manager., .'
u~na man







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