Aug 5 (Reuters) - New Millennium Iron Corp NML.TO :
* . ANNOUNCES AGREEMENT WITH THE TATA STEEL GROUP TO REORGANIZE RELATIONSHIP
* WILL SELL AND TRANSFER ITS 4.32% INTEREST IN TSMC TO TSMUK
* NML WILL PURCHASE FOR CANCELLATION 47,402,908 COMMON SHARES OF NML HELD BY TSGMH
* NML WILL RETAIN ITS INTERESTS IN LABMAG AND KÉMAG PROPERTIES
* TSGMH WILL BE GRANTED 1% GROSS REVENUE ROYALTY ON TACONITE PROPERTIE