74C927 - (If you can get one) - will give you X:XX.X i.e. one digit of minutes (which can be cascaded to other Minute Counters) Seconds and Tenths of seconds
Or simply use a diode AND on Bits B (Pin 11) and C (Pin 14) to reset the
4510 and provide a minutes Pulse - two 1n4148's and a Resistor.
- Circuit on the right of the page is the diode AND gate - pretty simple eh and requires no more ICs.
gives the logic Diagram (under 'shortening the count' - it also gives the Diode version) this resets the counter when it reaches 6 so a Seconds counter using this for the Tens digit will give you a count from 00 to 59 Seconds.
You may find the pulse is a bit short for the next stage in this case feed the output from the AND gate directly to the next stage however feed the reset pin (pin 9) of the 4510 via a resistor (say 10K) and try a small cap from the reset pin to GND (you may need to try a couple of values start around 10nF) - this will delay the reset of the 4510 slightly which in turn will effectively lengthen the pulse to the next stage so the display will actually show 6 but only for a very brief period (in other words it is unlikely to be visible to the naked eye).
Unless you are familiar with using embedded Controllers (and I am presuming if you are asking this question you are not) then the learning curve, Investment in Programmer etc would make this project somewhat complicated.