Finders cuts back on debts

Copper miner Finders Resources has realised $42.5-million in debt reduction following the restructure of its copper hedge. The miner told shareholders on Thursday that it had completed a restructure of its current copper hedge book of 38 126 t, closing a total of 21 650.5 t, and adjusting a further 16 475.5 t to reduce the forward price from an average of $5 912/t to $4 806/t.