Mesabi Trust Press Release
Mesabi Trust (MSB)
US:NYSE Investor Relations:
mesabi-trust.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The Trustees of Mesabi Trust (NYSE:MSB) today reported that the Trust has initiated arbitration against Northshore Mining Company and its parent, Cleveland-Cliffs Inc. (jointly, the “Operator”), the lessee/operator of the leased lands. The arbitration proceeding has been commenced with the American Arbitration Association. The Trust asserts claims concerning the calculation of royalties related to the production, shipment and sale of iron ore, including DR-grade pellets. More particularly, the claims involve the Trust’s allegations that the Operator has failed to properly record and calculate royalty amounts during the second and third quarters of 2019. Based on information currently available to the Trust, the Trust seeks an award of damages, along with specific performance and declaratory relief.Forward-Looking StatementsThis press release contains certain forward-looking statements with respect to iron ore pellet production, iron ore pricing and adjus
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Sec Filings
- 11/13/24 - Form SC
- 11/1/24 - Form 8-K
- 10/17/24 - Form 8-K
- MSB's page on the SEC website