Vengold reduces interest in Lihir -- Sale enables company to shed US$11m in outstanding debt.

Shaky year-end results and a US$178.1-million debt load prodded Vengold (VEN-T) to cut its interest in the Lihir gold mine in Papua New Guinea.Vengold sold 5.9 million shares of Australian-based Niugini Mining and reduced its direct and indirect interest in...

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