mesabi land trust

MSB Mesabi Trust Current Report Filing (8-k) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). In addition, a royalty payment of $207,081 was paid to the Mesabi Land Trust. About MESABI TRUST (NYSE:MSB) MIC hasn’t engaged in mining operations since 1939, hence the conveyance of the land and mineral interests into a Trust.

L&M Radiator, Inc. provides a complete range of MESABI® flexible core heat exchangers for your heavy-duty equipment fleets. In my estimate, this could shave up to 2,000 tons of ore from the annual production on Mesabi's land.

The Trust operates in the iron ore mining segment. NMC produces iron ore from Mesabi Trust Lands. Accordingly, the total royalty payments received by Mesabi Trust … About MESABI TRUST (NYSE:MSB) The lessee/operator of Mesabi Trust's mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc. (Cliffs). The Trust was created in 1961 in order to hold the interests of Mesabi Iron Company (“MIC”) in the Mesabi Iron Range, which includes the Peters Lease, Cloquet Lease and Mesabi Lease.

Last year, MSB received $11.9m on July 30 … The Trust is publicly held, and units of beneficial interest are traded on the New York Stock Exchange under the ticker symbol “MSB.” The Trust is a pass-through entity and its revenues are not taxed to the Trust but are taxed to the unitholders. The Trust operates in the iron ore mining segment. Mesabi Trust is a royalty trust. (ranked lower than approx. In addition, a royalty payment of $207,081 was paid to the Mesabi Land Trust. The payment of royalties, consisting of base royalties, bonus royalties and, at times, a minimum advance royalty, is quite detailed and is described more fully in the Trust’s most current Annual Report on From 10-K filed with the U.S. Securities and Exchange Commission, and available through the “SEC Filings” tab on this website.

Information about the reserve capacity and current pellet production of the mine can be found in the Trust’s most current Annual Report on From 10-K filed with the U.S. Securities and Exchange Commission, and available through the “SEC Filings” tab on this website. NMC produces iron ore from Mesabi Trust Lands. The Trust operates in the iron ore mining segment. The purpose of the Trust is to conserve and protect the Trust Estate. 100% of all stocks covered) Mesabi Trust is a royalty trust. MSB Dividend History & Description — Mesabi Trust. As reported to Mesabi Trust by Cliffs in the Royalty Report, based on shipments of iron ore products by Northshore during the three months ended June 30, 2020, Mesabi Trust was credited with a base royalty of $2,792,731. The principal assets of Mesabi Trust consist of two different interests in certain properties in the Mesabi Iron Range: Mesabi Trust's interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease and Mesabi Trust's ownership of the entire beneficial interest in the Mesabi Land Trust, which has interest as fee owner in the Peters Lease Lands and a fee ownership in certain non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands. Mesabi Trust is a royalty trust. Fund performance data provided by Lipper. The Agreement of Trust has a duration ending 21 years after the death of the last survivor of 25 individuals living at the inception of the Trust, all of whom are named in an exhibit to the Agreement of Trust and were alive several years ago when the Trustees investigated this matter. From 1983 until April 2005, Mr. Ehrenberg was directly responsible for providing corporate trustee services to the Mesabi Land Trust of which Mesabi Trust is the sole trust certificate holder. The lessee/operator of Mesabi Trust's mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc. (Cliffs). The purpose of the Trust is to conserve and protect the Trust Estate. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine. Mesabi Trust is a trust that holds all of the interests formerly owned by Mesabi Iron Company. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. Regardless of your application, you can trust your MESABI® heat exchanger to perform under the harshest conditions.

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