-----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, I9eEsWhue4snvPX847I1oFmGWbCcm9EZXGs7OnT7GFjNTu7mah3WVAuxXlwDs9Nv EMnh02xBDipvhy5RB0SuZw== 0000912057-02-017408.txt : 20020430 0000912057-02-017408.hdr.sgml : 20020430 ACCESSION NUMBER: 0000912057-02-017408 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020430 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020430 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: 1934 Act SEC FILE NUMBER: 001-04488 FILM NUMBER: 02626993 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 a2078486z8-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): APRIL 30, 2002 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 DEUTSCHE BANK TRUST COMPANY AMERICAS CORPORATE TRUST & AGENCY SERVICES - GDS P.O. BOX 318 CHURCH STREET STATION NEW YORK, NY 10008-0318 (Address of principal executive offices) (615) 835-2749 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS. Mesabi Trust reports that its press release dated April 30, 2002, a copy of which is filed herewith as Exhibit 99.1, was made publicly available on April 30, 2002. The press release stated that the fiscal year 2002 iron ore pellet production forecast of 3.0 million tons for the Northshore Mining Corporation, the lessee/operator of the Mesabi Trust lands, was recently revised and increased by the parent corporation of Northshore, Cleveland-Cliffs Inc. (CCI). In its April 24, 2002 press release, CCI announced that fiscal year 2002 iron ore pellet production will be between 3.5 and 4.0 million tons. CCI's announcement on April 24, 2002 revised CCI's previously disclosed forecasts as well as those forecasts reiterated in Mesabi Trust's Form 10-K, which was filed with the Securities and Exchange Commission on April 24, 2002. CCI did not announce, and the Trustees are not able to forecast, the volume of shipments of iron ore pellets from Northshore for fiscal year 2002. The volume of iron ore pellet shipments in each calendar quarter determines the amount of base overriding royalties due to Mesabi Trust. For a more complete discussion, 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 April 30, 2002 (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: DEUTSCHE BANK TRUST COMPANY AMERICAS Corporate Trustee Principal Administrative Officer and duly authorized signatory:* *Dated: April 30, 2002 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 April 30, 2002.......... Filed electronically herewith EX-99.1 3 a2078486zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 MESABI TRUST PRESS RELEASE NEW YORK, NEW YORK APRIL 30, 2002 On April 24, 2002, Cleveland-Cliffs, Inc. (CCI), the parent corporation of Northshore Mining Corporation, announced that fiscal year 2002 iron ore pellet production for the Northshore Mining Corporation, the lessee/operator of the Mesabi Trust lands, is expected to be between 3.5 and 4.0 million tons. This estimate of iron ore pellet production for the Northshore facility revises and increases the previously forecast production of 3.0 million tons of iron ore pellets as announced by CCI and reported by the Mesabi Trust. As stated in the Trust's April 24, 2002 Form 10-K, CCI entered into a fifteen-year supply contract with International Steel Group Inc. (ISG) to act as its exclusive supplier of iron ore pellets. In its April 24, 2002 press release, CCI cited its supply contract with ISG as the reason for the increase in the aggregate production forecasts for the mines it operates. Nevertheless, neither Northshore nor CCI has advised Mesabi Trust as to its expected 2002 shipments or what percentage of 2002 shipments will be from the Mesabi Trust's lands. The volume of shipments in each calendar quarter determines the amount of base overriding royalties due to Mesabi Trust. This news release contains certain forward-looking statements with respect to iron ore production at Northshore in 2002, 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 to ISG's demand for iron ore pellets under its contract with CCI, lower demand for steel and/or iron ore generally, general economic conditions, 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 Deutsche Bank Trust Company Americas 615-835-2749 -----END PRIVACY-ENHANCED MESSAGE-----