Growth, page-34

From memory, there is a standstill clause in the agreement where Toyota Tsusho cannot increase or decrease their holding for a couple of years after the share issue. In any case my understanding is that Toyota Tsusho is a trading firm not a miner so are unlikely intending to take over what is a mining project.

There is another way you can look at Toyota Tshusho taking an equity position in Orocobre. They could have alternatively lent the money to Orocobre but that would have meant that Orocobre and Olaroz would have been highly leveraged, with the requirement that both principal and interest be paid to Toyota Tshusho on a regular basis. Not the best given how fluky production has been in phase one. By investing through a share issue Toyota Tshusho has given long term support to an operation it considers of strategic importance and benefit to the Toyota group in the longer run without putting too onerous of expectations on the mine operator in the shorter term.