Four Mineral Securities Ltd directors, including mining identity Robert Champion de Crespigny, have stepped down following the company's merger with CopperCo Ltd.
The proposed merger between mining company CopperCo Ltd and investment house Mineral Securities Ltd (MinSec) has moved closer with the release of an independent experts report and a shareholders general meeting scheduled for May.
Perth-based Mineral Securities Ltd will acquire a further 11.5 per cent of Canada-based Platmin Ltd, taking its total stake to 27.2 per cent, for $C110.1 million, the company has announced.
Perth-based minerals investor Mineral Securities Ltd will join fuel additives manufacturer Firepower by setting up shop in the British Virign Islands in a proposed company restructure supported by possible merger partner Scarborough Minerals plc.
Perth-based minerals investor Mineral Securities Ltd has been provided with a secured term finance facility of $8 million from Macquarie Bank, to be used for investment opportunities and retiring short term facilities.
The Robert Champion de Crespigny-chaired Scarborough Minerals plc has joined the current wave of corporate activity in the resources sector, announcing an interest in merging with Perth-based minerals investor Mineral Securities Ltd.
Perth-based minerals investment company Mineral Securities Ltd has executed an alliance agreement with Herencia Resources Plc under which both companies will look to identify potential mineral resource opportunities in South America.
Perth-based minerals investment company Mineral Securities Ltd has increased its investment in copper producer CopperCo Ltd to 18.2 per cent, making it the company's largest shareholder.
Perth-based Mineral Securities Ltd has entered into agreements to acquire a further 680,336 shares in Platmin Ltd from existing Platmin shareholders for $US13.6 million ($A18.4 million).
08 Mar 2006
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