secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001558370-21-010007
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesabi Trust receives Q2 2021 royalty payment of $19.5M; shipments up ~30% YoY
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- Base royalty $10.4M, bonus royalty $8.2M, positive pricing adjustment $0.7M.
- Total royalty payment of $19,495,040 received from Cleveland-Cliffs on July 30, 2021.
- Iron ore shipments credited: 1,393,902 tons in Q2 2021 vs 1,073,446 tons in Q2 2020 (+29.8%).
- Pricing subject to future adjustments; royalties and distributions may vary significantly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837021010007/0001558370-21-010007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837021010007/msb-20210730x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-010007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer