Hundreds of people stood in a long line that snaked outside the offices of Mesabi Metallics in Nashwauk last week, eagerly awaiting the chance to get an up-close look at the largest mining trucks ever ...

Mesabi Metallics Company LLC (Mesabi Metallics) announced today the purchase of fully electric Pit Viper 351 E drills from ...

On April 30, 2024, the Trustees of Mesabi Trust (NYSE: MSB) received the quarterly royalty report of iron ore shipments from Silver Bay, Minnesota during the quarter ended March 31, 2024 (the “Royalty ...

NASHWAUK — A federal bankruptcy judge found “sufficient evidence” that a juror could find Cleveland-Cliffs engaged in anticompetitive behavior that harmed Mesabi Metallics as it tried to build an iron ...

Mesabi Trust's royalty income is highly dependent on Cleveland-Cliffs' operations and iron ore prices, both of which face macroeconomic headwinds. Recent royalty payments and distributions have ...

Recent developments, such as the mid-2023 resumption of mining operations by Cleveland-Cliffs on trust leases and the Federal Reserve's reluctance to raise interest rates, suggest potential upside for ...

Mesabi Trust (NYSE:MSB), established in 1961 under New York law, is a royalty trust that earns income from the Peter Mitchell Mine, an iron ore site near Babbitt, Minnesota, on the eastern side of the ...