• Net debt fell to US$4.185bn. Conclusion: Metalloinvest has benefited significantly from the rouble depreciation cushioning EBITDA margins. Pellet production into Europe is also likely to have resulted in better prices being achieved than benchmark and below iron ore concentrates being delivered into China. Investing further in pellet capacity makes sense. SolGold * ( LON:SOLG ) 2.975p, Mkt Cap £20.4m – Shareholders offered stock to fund major copper / gold porphyry at Cascabel • SolGold have announced the company is to raise up to £3.428m by way of an Open Offer of new shares at an issue price of 3p/s.