Mesabi Trust Logo

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About Mesabi Trust

Mesabi Trust is a royalty trust that owns mining rights on taconite properties in Minnesota. The Trust receives royalties from the mining and processing of iron ore by Northshore Mining Company, which operates the Peter Mitchell Mine. The resulting iron ore pellets are used in steel production. Mesabi Trust collects and distributes royalty income to its certificate holders and does not operate the mine itself.

Address

1 Columbus Circle, 17th Floor Mail Stop: NYC01-1710
New York, 10019
United States

Year founded

1970

Sector

Materials

Industry Group

Materials

Industry

Metals & Mining

Subindustry

Steel

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