Relationship between TATA and NML Tata needs NML for the following reasons
1. As long as NML is alive, even on life support, NML controls the Taconites, and NML is a dying fish out of water in TATA's hands with little or no chance of ever really standing on its own.
2. The relationship between TATA and NML might be likened to that of a brick manufacturer in TATA land to his child slaves. He needs the slaves, but that needs does not do the slaves any good.
3. It is in TATA's interest to keep Dean Journeaux happy and silent. I expect ,altho I have not checked the filings, that Dean Journeaux is set up to get a good annual suck from NML. If TATA let anything happen to NML, NML would not be in position to pay anything to Journeaux, and Journeaux might not be happy.
Canada Moose