Mesabi Trust engages in the collection of and distribution of royalties and payment of expenses and liabilities. It holds interest in Peter Mitchell iron mine located near Babbitt and in Silver Bay, Minnesota. The company was founded on July 18, 1961 and is headquartered in New York, NY.
We are subject to disputes from time to time that could result in litigation, arbitration or other administrative proceedings that could adversely affect our operating results, financial condition and the market value of Mesabi Trust Units.