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  September 5, 2001
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Home > Company Index > Financial Services > Royalty Trusts > Mesabi Trust

Mesabi Trust
NYSE: MSB
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 PROFILE
Mesabi Trust collects royalties and bonuses from the sale of minerals that are shipped from Silver Bay, Minnesota, by Northshore Mining. The mining company is a wholly owned subsidiary of Cleveland-Cliffs, a leading supplier of iron ore products to the North American steel industry. Northshore Mining pays royalties to Mesabi Trust based on production and sales of crude ore pulled from the trust's property. Almost all the trust's revenue comes from iron ore pellet sales. Independent consultants track production and sales for Mesabi Trust, which was formed in 1961 to hold the interests formerly owned by Mesabi Iron Company.

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 5.80
1-Yr. Sales Growth: 7.4%

 CONTACT INFO
c/o Bankers Trust Company, Corporate Trust and Agency Group
New York, NY 10008
US
Phone: 212-250-6519
Fax: 212-250-6392

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