Mineral Securities tops up CopperCo stake

RESOURCES investment group Mineral Securities has taken the opportunity to become CopperCo’s major shareholder after Robert De Crespigny’s Scarborough Minerals chose to jump out of the Queensland copper hopeful and take a pre-tax profit of $A8.5 million for its investment.

Mineral Securities, chaired by CopperCo chairman Keith Liddell, has agreed with Scarborough to acquire its 40 million CopperCo shares by issuing 17.67 million Mineral Securities shares.