Geology of Minnesota

Mesabi Trust Press Release

Retrieved on: 
Monday, July 12, 2021
Banking, Professional services, Finance, Geology of Minnesota, Economic geology, Iron mining, Mesabi Range, Royalty payment, Trust law, Law, Articles, Legal systems

The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of nine cents ($0.09) per Unit of Beneficial Interest payable on August 20, 2021 to Mesabi Trust Unitholders of record at the close of business on July 30, 2021.

Key Points: 
  • The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of nine cents ($0.09) per Unit of Beneficial Interest payable on August 20, 2021 to Mesabi Trust Unitholders of record at the close of business on July 30, 2021.
  • After receiving the quarterly royalty report, Mesabi Trust plans to file a summary of the quarterly royalty report with the Securities and Exchange Commission in a Current Report on Form 8-K.
  • Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to quarterly and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under customer agreements to which Mesabi Trust is not a party and that are not known until after the end of a contract year.
  • Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.

USW Welcomes Chance to Continue Long-Stalled Iron Range Mine Project

Retrieved on: 
Thursday, May 6, 2021
Economic geology, Geology of Minnesota, Iron mining, Mining, Geology, Earth sciences, Mesabi Range, Taconite, United Steelworkers, Iron Range, Cleveland-Cliffs, Iron ore

b'MINNEAPOLIS, May 6, 2021 /PRNewswire/ --The United Steelworkers (USW) union said today that it supported the Minnesota Department of Natural Resources (DNR) announcement on Wednesday that it would begin the process of canceling mineral leases held by Mesabi Metallics for a long-planned taconite mine on the state\'s iron range.\nThat decision clears the way for another company, possibly Cleveland-Cliffs, to develop the project near Nashwauk, Minn. Cliffs already operates several other iron ore mining sites in the region.\n"Iron ore mining is an essential part of the economy of Minnesota, and an essential piece of the puzzle when it comes to producing the steel we need to rebuild our national infrastructure," said USW District 11 Director Emil Ramirez, who represents tens of thousands of union workers in Minnesota and eight other Midwestern states.\n"The former Mesabi Metallicsmine project has the potential to deliver hundreds of good-paying, family-supporting jobs to the hard-working people of the Iron Range," Ramirez said.

Key Points: 
  • b'MINNEAPOLIS, May 6, 2021 /PRNewswire/ --The United Steelworkers (USW) union said today that it supported the Minnesota Department of Natural Resources (DNR) announcement on Wednesday that it would begin the process of canceling mineral leases held by Mesabi Metallics for a long-planned taconite mine on the state\'s iron range.\nThat decision clears the way for another company, possibly Cleveland-Cliffs, to develop the project near Nashwauk, Minn. Cliffs already operates several other iron ore mining sites in the region.\n"Iron ore mining is an essential part of the economy of Minnesota, and an essential piece of the puzzle when it comes to producing the steel we need to rebuild our national infrastructure," said USW District 11 Director Emil Ramirez, who represents tens of thousands of union workers in Minnesota and eight other Midwestern states.\n"The former Mesabi Metallicsmine project has the potential to deliver hundreds of good-paying, family-supporting jobs to the hard-working people of the Iron Range," Ramirez said.
  • "Making sure that this project is in the hands of a company that will move forward in a timely, responsible and sustainable way is the best decision for the people of Minnesota.
  • "\nThe USW represents 850,000 workers employed in metals, mining, pulp and paper, rubber, chemicals, glass, auto supply and the energy-producing industries, along with a growing number of workers in health care, public sector, higher education, tech and service occupations.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/usw-welcomes-chance-to-continue-...\n'

Mesabi Trust Press Release

Retrieved on: 
Monday, May 3, 2021
Banking, Professional services, Finance, Geology of Minnesota, Economic geology, Iron mining, Mesabi Range, Royalty payment, Trust law, Essar Group, Law, Articles, Academic disciplines

For the three months ended March 31, 2021, Mesabi Trust was also credited with a bonus royalty in the amount of $3,658,148.

Key Points: 
  • For the three months ended March 31, 2021, Mesabi Trust was also credited with a bonus royalty in the amount of $3,658,148.
  • Accordingly, the total royalty payments received by Mesabi Trust on April 30, 2021 from Cliffs were $6,340,032.\nThe royalties paid to Mesabi Trust are based on the volume of shipments of iron ore pellets for the quarter and the year to date, the pricing of iron ore product sales, and the percentage of iron ore pellet shipments from Mesabi Trust lands rather than from non-Mesabi Trust lands.
  • These multiple factors can result in significant variations in royalties received by Mesabi Trust (and in turn, the resulting funds available for distribution to Unitholders by Mesabi Trust) from quarter to quarter and from year to year.
  • Based on the above factors, and as indicated by Mesabi Trust\xe2\x80\x99s historical distribution payments, the royalties received by Mesabi Trust, and the distributions paid to Unitholders, if any, in any particular quarter are not necessarily indicative of royalties that will be received, or distributions that will be paid, if any, in any subsequent quarter or full year.\nWith respect to calendar year 2021, Northshore has not advised Mesabi Trust of its expected shipments of iron ore products, or what percentage of 2021 shipments will be from Mesabi Trust iron ore.

Mesabi Trust Press Release

Retrieved on: 
Monday, April 12, 2021
Banking, Professional services, Finance, Geology of Minnesota, Iron mining, Economic geology, Mesabi Range

b'The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of eighty-nine cents ($0.89) per Unit of Beneficial Interest payable on May 20, 2021 to Mesabi Trust Unitholders of record at the close of business on April 30, 2021.

Key Points: 
  • b'The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of eighty-nine cents ($0.89) per Unit of Beneficial Interest payable on May 20, 2021 to Mesabi Trust Unitholders of record at the close of business on April 30, 2021.
  • The Trust\xe2\x80\x99s announcement today also reflects the Mesabi Trustees\xe2\x80\x99 determination that Mesabi Trust presently has sufficient reserves available to make such a distribution while also maintaining an appropriate level of unallocated reserve in order for the Trust to be positioned to meet current and future expenses, and present and future liabilities (whether fixed or contingent), that may reasonably arise in the iron ore and steel industries generally.\nQuarterly royalty payments from Northshore for iron ore shipments during Northshore\xe2\x80\x99s first calendar quarter, which are payable to Mesabi Trust under the royalty agreement, are due on April 30, 2021, together with the quarterly royalty report.
  • Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to quarterly and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which Mesabi Trust is not a party and that are not known until after the end of a contract year.
  • Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210412005890/en/\n'

Mesabi Trust Press Release

Retrieved on: 
Monday, January 11, 2021
Banking, Professional services, Finance, Geology of Minnesota, Common law, Equity, Inheritance, Trust law, Royalty payment, Mesabi Range, Law, Articles, Legal systems

The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of forty-six cents ($0.46) per Unit of Beneficial Interest payable on February 20, 2021 to Mesabi Trust Unitholders of record at the close of business on January 30, 2021.

Key Points: 
  • The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of forty-six cents ($0.46) per Unit of Beneficial Interest payable on February 20, 2021 to Mesabi Trust Unitholders of record at the close of business on January 30, 2021.
  • After receiving the quarterly royalty report, Mesabi Trust plans to file a summary of the quarterly royalty report with the Securities and Exchange Commission in a Current Report on Form 8-K.
  • Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to quarterly and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which Mesabi Trust is not a party and that are not known until after the end of a contract year.
  • Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.

Mesabi Trust Press Release

Retrieved on: 
Friday, October 9, 2020
Banking, Professional services, Finance, Geology of Minnesota, Expense, Intellectual property law, Patent law, Royalty payment, Trust law, Mesabi Range, Law, Articles, Legal systems

The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-six cents ($0.36) per Unit of Beneficial Interest payable on November 20, 2020 to Mesabi Trust Unitholders of record at the close of business on October 30, 2020.

Key Points: 
  • The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of thirty-six cents ($0.36) per Unit of Beneficial Interest payable on November 20, 2020 to Mesabi Trust Unitholders of record at the close of business on October 30, 2020.
  • After receiving the quarterly royalty report, Mesabi Trust plans to file a summary of the quarterly royalty report with the Securities and Exchange Commission in a Current Report on Form 8-K.
  • Further, substantial portions of royalties earned by Mesabi Trust are based on estimated prices that are subject to quarterly and final adjustments, which can be positive or negative, and are dependent in part on multiple price and inflation index factors under agreements to which Mesabi Trust is not a party and that are not known until after the end of a contract year.
  • Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.

Clean Air Metals Provides a Corporate Update Including New OTCQB Listing, Appointment of Renmark Financial Communications Inc. and Research Partnership with Lakehead University

Retrieved on: 
Thursday, September 3, 2020
Geology of the United States, Environment of the United States, Geology, Geology of Iowa, Geology of Kansas, Geology of Minnesota, Geology of Nebraska, Geology of Ontario, Midcontinent Rift System, Renmark

Renmark will not have any interest, directly or indirectly, in Clean Air Metals or its securities, or any right or intent to acquire such an interest.

Key Points: 
  • Renmark will not have any interest, directly or indirectly, in Clean Air Metals or its securities, or any right or intent to acquire such an interest.
  • "We are very pleased with the appointment of Renmark to help reinforce Clean Air Metals' profile in the North American financial community.
  • I know from personal experience how effective the Renmark team are and look forward to working with them once again" noted Abraham Drost, CEO of Clean Air Metals.
  • The Company also announces a new research partnership with the Lakehead University geology department to investigate the mineralized intrusions of the Thunder Bay North Intrusive Complex,part of the Midcontinent Rift of North America.

CN Investing $25 Million in Minnesota

Retrieved on: 
Wednesday, July 29, 2020
Economic geology, Geology of Minnesota, Iron mining, Regions of the United States, Academic disciplines, Taconite, Geology, Duluth, Minnesota, Iron ore, Minnesota, Iron Range, Duluth, Missabe and Iron Range Railway

We take our essential role in the North American economy seriously and these investments in Minnesota are a key part of our strategy to support growth.

Key Points: 
  • We take our essential role in the North American economy seriously and these investments in Minnesota are a key part of our strategy to support growth.
  • Investment in rail transportation infrastructure is critical to long-term economic growth and jobs across Minnesota.
  • CNs sustained commitment to robust freight rail investment and continued partnership will go a long way as Minnesota charts a bold path to economic recovery.
  • The North Star State is home to CNs Iron Ore Supply Chain, which brings taconite pellets from the Minnesota Iron Range mines to the CN docks in Duluth and Two Harbors.

Mesabi Trust Press Release

Retrieved on: 
Monday, July 13, 2020
Banking, Professional services, Finance, Geology of Minnesota, Expense, Intellectual property law, Patent law, Royalty payment, Trust law, Mesabi Range, Law, Academic disciplines, Legal systems

The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of five cents ($0.05) per Unit of Beneficial Interest payable on August 20, 2020 to Mesabi Trust Unitholders of record at the close of business on July 30, 2020.

Key Points: 
  • The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of five cents ($0.05) per Unit of Beneficial Interest payable on August 20, 2020 to Mesabi Trust Unitholders of record at the close of business on July 30, 2020.
  • Quarterly royalty payments from Northshore for iron ore shipments during the second calendar quarter, which are payable to Mesabi Trust under the royalty agreement, are due on July 30, 2020, together with the quarterly royalty report.
  • After receiving the quarterly royalty report, Mesabi Trust plans to file a summary of the quarterly royalty report with the Securities and Exchange Commission in a Current Report on Form 8-K.
  • Mesabi Trust undertakes no obligation to publicly update or revise any of the forward-looking statements made herein to reflect events or circumstances after the date hereof.

PolyMet reports results for period ended March 31, 2020

Retrieved on: 
Friday, May 8, 2020
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Physical sciences, Chemistry, Economic geology, Chemical elements, Geology of Minnesota, Polymet Mining Corporation, Environmental impact of mining, Mesabi Range, Mining, Nickel, Ore, Iron Range

PolyMet invested $2.5 million in cash into its NorthMet Project during the three months ended March 31, 2020, compared with $5.7 million for the prior year period.

Key Points: 
  • PolyMet invested $2.5 million in cash into its NorthMet Project during the three months ended March 31, 2020, compared with $5.7 million for the prior year period.
  • PolyMet Mining Corp. ( www.polymetmining.com ) is a publicly traded mine development company that owns 100% of Poly Met Mining, Inc. (together PolyMet or the company), a Minnesota corporation that controls 100% of the NorthMet copper-nickel-precious metals ore body through a long-term lease.
  • The project is located in the established mining district of the Mesabi Iron Range in northeastern Minnesota.
  • Actual results may differ materially from those in the forward-looking statements due to risks facing PolyMet or due to actual facts differing from the assumptions underlying its predictions.