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MESABI TRUST INFORMED OF CYPRUS CALLBACK OF LAID-OFF WORKERS

 MESABI TRUST INFORMED OF CYPRUS CALLBACK OF LAID-OFF WORKERS
 NEW YORK, Aug. 26 /PRNewswire/ -- Mesabi Trust (NYSE: MSB) has been advised by Cyprus North Shore Mining Corporation (Cyprus), the lessee/operator of the Trust's leasehold interests, that Cyprus intends to call back to work laid-off employees at Cyprus' taconite mine and processing facilities at Babbitt and Silver Bay, Minnesota.
 Cyprus indicated that its full work force will return on Sept. 8, with production commencing on Sept. 14. Cyprus had shut down its facilities and laid off employees on June 7, 1992 to accomplish an inventory adjustment required due to the weak iron ore market. A representative of Cyprus has advised Mesabi Trust that the iron ore market remains soft.
 -0- 8/26/92
 /CONTACT: Michael K. Clark of Bankers Trust, 212-250-6862/
 (MSB) CO: Mesabi Trust; Cyprus North Shore Mining Corporation ST: New York, Minnesota IN: MNG SU:


SH -- NY065 -- 3574 08/26/92 15:20 EDT
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Publication:PR Newswire
Date:Aug 26, 1992
Words:156
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