-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NVqerrKVVCqFShaKBBzKm13pU2TlYyarK6StGARzU/GzkR9VlRb8vbBdTcBe13Fw eZ2zeGBun7FHxw9nYTEAdA== 0000912057-01-523707.txt : 20010716 0000912057-01-523707.hdr.sgml : 20010716 ACCESSION NUMBER: 0000912057-01-523707 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010712 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MESABI TRUST CENTRAL INDEX KEY: 0000065172 STANDARD INDUSTRIAL CLASSIFICATION: MINERAL ROYALTY TRADERS [6795] IRS NUMBER: 136022277 STATE OF INCORPORATION: NY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04488 FILM NUMBER: 1680511 BUSINESS ADDRESS: STREET 1: P O BOX 318 CHURCH ST STATION STREET 2: C/O BANKERS TRUST CO CORP TRUST CITY: NEW YORK STATE: NY ZIP: 10008-0318 BUSINESS PHONE: 2122506519 MAIL ADDRESS: STREET 1: C/O BANKERS TRUST COMPANY, CORPORATE STREET 2: P.O. BOX 318 CHURCH STREET STATION CITY: NEW YORK STATE: NY ZIP: 10008-0318 8-K 1 a2054153z8-k.txt 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ------------- Date of Report (Date of earliest event reported): JULY 12, 2001 MESABI TRUST ------------ (Exact name of registrant as specified in its charter) NEW YORK 1-4488 13-6022277 -------- ------ ---------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) C/O BANKERS TRUST COMPANY, CORPORATE TRUST AND AGENCY GROUP P.O. BOX 318 CHURCH STREET STATION NEW YORK, NY 10008-0318 (Address of principal executive officers) (615) 835-2749 (Registrant's telephone Number, including area code) ITEM 5. OTHER EVENTS. Mesabi Trust reports that a press release dated July 12, 2001, a copy of which is filed herewith as Exhibit 99.1, was made publicly available on July 12, 2001. The press release announced that Cleveland-Cliffs, Inc., the corporate parent of Northshore Mining Company, which is the lessee/operator of Mesabi Trust lands, announced on July 11, 2001 that the continuing weak demand for iron ore pellets by North American steelmakers will likely necessitate a further reduction of iron ore pellet production at Northshore by approximately 500,000 additional tons in 2001. For complete information, see the press release. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED. Not Applicable (b) PRO FORMA FINANCIAL INFORMATION. Not Applicable (c) EXHIBITS. Ex. 99.1 Press Release dated July 12, 2001 (filed electronically herewith). SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MESABI TRUST ------------------------------------------- (REGISTRANT) By: BANKERS TRUST COMPANY Corporate Trustee Principal Administrative Officer and duly authorized signatory:* *Dated: July 12, 2001 By: /s/ Rodney Gaughan ---------------------------------------- Name: Rodney Gaughan Title: Associate *There are no directors or executive officers of the Registrant INDEX TO EXHIBITS
Item No. Description Method of Filing - -------- ----------- ---------------- 99.1 Press Release dated July 12, 2001.......... Filed electronically herewith.
EX-99.1 2 a2054153zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 MESABI TRUST PRESS RELEASE New York, New York July 12, 2001 The Trustees of Mesabi Trust (NYSE: MSB) have learned through a public announcement made on July 11, 2001 by Cleveland-Cliffs, Inc., the corporate parent of Northshore Mining Company, which is the lessee/operator of Mesabi Trust lands, that the continuing weak demand for iron ore pellets by North American steelmakers will likely necessitate a further reduction of iron ore pellet production at Northshore of approximately 500,000 additional tons in 2001. This reduction follows an announcement by Cleveland-Cliffs in early January 2001 to reduce iron ore pellet production at Northshore by approximately 700,000 tons in 2001. The Northshore facility has the capacity to produce 4.3 million tons annually, and almost that amount was produced in 2000. Cleveland-Cliffs now projects that scheduled iron ore production at Northshore in 2001 will likely only total 3.1 million tons, rather than the 3.6 million tons previously projected. No forecast of the volume of shipments of iron ore pellets in 2001 was provided. Royalties paid to the Trust are dependent on the volume of shipments of iron ore pellets for the quarter and the year to date, the pricing of the iron ore product sales and the percentage of iron ore pellet shipments from Mesabi Trust lands rather than from other lands. The volume of shipments of iron ore pellets by Northshore and the pellet sales prices vary from quarter to quarter and year to year based on a number of factors, including weather conditions on the Great Lakes, the requested delivery schedules of customers and general economic conditions in the iron ore industry. This news release contains certain forward-looking statements with respect to iron ore production at Northshore in 2001, which statements are intended to be made under the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Actual production and shipments of iron ore pellets could differ materially from current expectations due to inherent risks such as lower demand for steel, iron ore, higher steel imports, processing difficulties or other factors. Although the Mesabi Trustees believe that its forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties, which could cause actual results to differ materially. Contact: Mesabi Trust SHR Unit Bankers Trust Company 615-835-2749 -----END PRIVACY-ENHANCED MESSAGE-----