U.S.-based Mosaic mulling a listing in Toronto

TORONTO, April 11 (Reuters) - U.S.-based crop nutrient producer Mosaic Co (MOS.N: Quote, Profile, Research) said on Friday that it is currently weighing the option of listing on the Toronto Stock Exchange.

A spokesperson for Mosaic said that no decision has been made as the company is in the process of "looking at the pros and cons, (and) looking at our investments in Canada and determining what would be beneficial."

Minnesota-based Mosaic already has potash mines in the Prairie province of Saskatchewan, and recently detailed a long-term capacity expansion plan to help meet strong demand for the crop nutrient in the midst of tight global supply.

Mosaic and other fertilizer companies, including Canadian firms Potash Corp of Saskatchewan (POT.TO: Quote, Profile, Research) and Agrium Inc (AGU.TO: Quote, Profile, Research), have benefited from a global agricultural boom, fueled by increased food demand in developing countries, and a surge in corn-based ethanol production in the United States.

The Toronto Stock Exchange is heavily weighted toward resource companies, with nearly 20 percent of its main index made up by the materials sector, home to Potash Corp and Agrium. Oil and gas companies account for about 30 percent of the index.

Linda Thrasher, a spokeswoman for Mosaic, said the resource-heavy nature of the TSX is one of the things the company will consider, along with "a whole host of other things."

The company is also a member of Canpotex, the offshore marketing arm for Saskatchewan potash producers, along with Potash Corp and Agrium. (Reporting by Leah Schnurr; editing by Rob Wilson)