Great Northern Iron Ore Properties - GNI- Profile

Great Northern Iron Ore Properties. The Company's principal activity is that of a Real Estate Investment Trust. It owns interests in certain mineral and non-mineral land located in northern Minnesota. The Company leases and maintains such properties. It owns mineral interest in 12,033 acres on the Mesabi Iron Range Formation, of said mineral interest total, 9,215 acres are under lease and 2,818 acres are unleased. Income is derived through royalties on iron ore minerals. The Company is a conventional trust that owns interests in fee, both mineral and non-mineral lands, on the Mesabi Iron Range of Minnesota. The Company operates throughout United States. Operates through leasing and maintenance of certain mineral and non mineral lands owned by the trust