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):

October 29, 2013

 

MESABI TRUST

(Exact name of registrant as specified in its charter)

 

 

 

(904) 271-2520

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 8.01      Other Events.

 

As previously reported, two of the four taconite production lines at the plant of Northshore Mining Company (“Northshore”) in Silver Bay have been idled since January 5, 2013.

 

Cliffs Natural Resources Inc. (“Cliffs”), Northshore’s parent company, announced Friday, October 25, 2013 that it will reopen those two production lines at the plant in Silver Bay because of new customer contracts and the expected customer volume increase in 2014 related thereto. Cliffs did not, however, disclose a date for when production on the two lines will resume.

 

The Trustees have no information regarding the planned reopening of the two production lines of Northshore other than that announced publicly by Cliffs on October 25, 2013. The Trustees have not been informed by Cliffs of, and are not able to predict, exactly when these production lines will resume operation or how the resumption of these production lines will affect, if any, the total production and shipment of iron ore pellets by Northshore at its Silver Bay facilities.

 

Special Note Regarding Forward-Looking Statements

 

Certain statements contained in this document are considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements may be identified by the use of forward-looking words, such as “may,” “will,” “could,” “project,” “believe,” “anticipate,” “expect,” “estimate,” “continue,” “potential,” “plan,” “forecast” and other similar words.  Such forward-looking statements are inherently subject to known and unknown risks and uncertainties.  Actual results and future developments could differ materially from the results or developments expressed in or implied by these forward-looking statements.  Mesabi Trust undertakes no obligation to make any revisions to the forward-looking statements contained in this filing or to update them to reflect circumstances occurring after the date of this filing.

 

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SIGNATURE

 

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
	By:	/s/ Jeffrey Schoenfeld
		Jeffrey Schoenfeld
		Assistant Vice President
		Deutsche Bank National Trust Company
		For Deutsche Bank Trust Company Americas

 

Dated:   October 29, 2013

 

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