Type: Public

In the Iron Range of Mesabi the stockholders trust. Mesabi Trust collects royalties and bonuses from the sale of minerals that are shipped from Northshore Mining's Silver Bay, Minnesota, facility. The mining company is a wholly owned subsidiary of Cliffs, a supplier of iron ore products to the steel industry. Northshore Mining pays royalties to Mesabi Trust based on production and sales of crude ore pulled from the trust's property; it has curtailed its extraction efforts, citing lack of demand. Independent consultants track production and sales for Mesabi Trust. Deutsche Bank Trust Company Americas is the corporate trustee of Mesabi Trust.

Key numbers for fiscal year ending January, 2011:
Sales: $33.3M
One year growth: 151.8%
Net income: $32.5M
Income growth: 161.3%

Officers:
VP; Deutsche Bank Trust Company Americas: Kenneth R. Ring

Competitors:
BHP Billiton
Great Northern Iron Ore
Rio Tinto Limited

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