MESABI TRUST
A royalty trust collecting income from an iron ore mine for distribution to its unitholders.
MSB | NYSE
Overview
Corporate Details
- ISIN(s):
- US5906721015
- LEI:
- Country:
- United States of America
- Address:
- C/O DEUTSCHE BANK TRUST COMPANY AMERICAS, 10019 NEW YORK
- Website:
- https://mesabi-trust.com/
- Sector:
- Mining and quarrying
- Industry:
- Extraction of natural gas
Description
Mesabi Trust, established in 1961, is a royalty trust that derives income from its interest in the Peter Mitchell Mine, an iron ore mine located on Minnesota's Mesabi Iron Range. The mine is operated by Northshore Mining Company, a subsidiary of steel producer Cleveland-Cliffs Inc. (CCI). Northshore mines taconite, processes it into iron ore pellets, and pays royalties to the Trust. These royalty payments are primarily based on the selling price of the pellets, which are used in CCI's steelmaking facilities. As a publicly traded, pass-through entity, Mesabi Trust's sole business is to collect these royalties, pay expenses, and distribute the net income to its unitholders. The Trust does not engage in mining or business operations directly.
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Filings
| Date | Filing | Language | Size | Actions | |
|---|---|---|---|---|---|
| No filings match the current criteria. | |||||
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Market Data
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Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
