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Great Northern Iron Ore Properties
Ticker Symbol: GNI CUSIP: 391064102 Exchange: NYSE
Company's Online Profile
BUSINESS: Great Northern Iron Ore Properties is a conventional nonvoting trust organized under the laws of the State of Michigan pursuant to a Trust Agreement dated December 7, 1906. The Trust owns interests in fee, both mineral and nonmineral lands, on the Mesabi Iron Range in northeastern Minnesota. The Trust's properties, which span two counties (St. Louis and Itasca) in northeastern Minnesota, extend from Hoyt Lakes on the east end of the Mesabi Iron Range to Grand Rapids on the west end of the Mesabi Iron Range. Many of these properties are leased to steel and mining companies that mine the mineral lands for taconite iron ore. The primary purposes of the Trust are to lease its mineral interests on the Mesabi Iron Range in northeastern Minnesota to the major steel and taconite producers, collect royalties from the extraction of taconite ore by the producers, and provide a return to certificate holders (shareholders), while at the same time balancing the interests of the certificate holders with those of the reversioner -- Glacier Park Company, a wholly owned subsidiary of ConocoPhillips. The Trust, by its terms, will dissolve on April 6, 2015, 20 years after the death of the last survivor named in the original December 7, 1906 Trust Agreement.
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Small Cap Stock -
Market Value $ 148 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 332 Minnesota Street, Suite W-1290, St. Paul, MN 55101 |
| Main Phone Number |
651-224-2385 |
| Fax Number |
651-224-2387 |
| Investor Contact
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651-224-2385
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| CEO - Joseph S. Micallef |
CFO - Thomas A. Janochoski |
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