CopperCo

It is not that Perth dealmakers are joining the dole queues, they have just had a little more time on their hands recently.

A corporate restructure of CopperCo has saved Cape Lambert Iron Ore from launching takeover bids for several of the collapsed company's listed investments.

Administrators of CopperCo say shareholders are not likely to receive any return in respect of their holdings in the collapsed mining company.

The Tony Sage-chaired Cape Lambert Iron Ore will acquire the assets of collapsed company CopperCo for an additional $27 million.

The merger between collapsed miner CopperCo and Mineral Securities has not been fully completed, with some MinSec shareholders missing out on shares owed to them.

Corporate recovery experts Ferrier Hodgson say they have received significant expressions of interest for the acquisition of copper miner CopperCo, which went into receivership last month.

Receiver Ferrier Hodgson says it has started an urgent assessment into miner CopperCo, which stunned the market last week after appointing administrators.

Perth-based CopperCo Ltd has announced their first full year profits, with revenue topping $81m and a net profit after tax of more than $5m

Mineral Securities Ltd managing director Keith Liddell has sold his entire 3 million share stake in the company following the takeover offer of CopperCo Ltd.

Perth-based CopperCo Ltd will move to acquire the remaining shares in investment house Mineral Securities Ltd after emerging with a 94.7 per cent stake following the close of its takeover offer.

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 copper explorer CopperCo Ltd today revealed a 16 per cent increase in resource tonnage and an 11 per cent increase in contained metal at its flagship Mount Isa Lady Annie copper project.

Perth-based Mineral Securities Ltd has completed its $1.5 million share and $5.5 million convertible note placement in Perth-based mineral explorer CopperCo Ltd, raising funds for the exploration and production expansion of the company's Lady Annie coppe

Perth-based mineral explorer CopperCo Ltd will raise $30 million through a placement to raise funds for exploration and production expansion on the company's Lady Annie copper project, with Perth-based Mineral Securities Ltd taking a large part.

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.

THE feud between CopperCo and its hostile takeover target, Universal, continues as CopperCo moved last week to block the planned alliance between Swiss miner Xstrata and Universal to develop the Roseb

Has extended Universal takeover offer to 15 April 2005.

The board of Perth-based Universal Resources has indicated it will reject CopperCo's formal takeover offer – which hit Universal shareholders mailboxes this week – despite analysts giving the deal their blessing.