OAO Raspadskaya a Russian coal miner, fell to its lowest level in almost three weeks as the company stopped accepting bids for a share buyback.

The stock dropped 0.8% to RUR 106.15 as of 5:36 PM in Moscow, headed for it weakest close since January 12.

Raspadskaya is aiming to buy back as much as 10% of its stock for RUR 150 a share. The company stopped accepting bids to repurchase the shares at 2 PM in Moscow January 31st 2012. The results of the buyback are due to be announced by February 7.

Steelmaker Evraz Plc and Raspadskaya’s management jointly control 80 percent of the company.

(Sourced from Bloomberg)