Reuters reported that Russian coking coal miner Raspadskaya had completed its offer to buy back up to 10% of its shares at RUB 150 apiece, 34% above the closing share price. It said 1.01 billion shares had been offered by shareholders.

The company, part owned by Mr Roman Abramovich's steelmaker Evraz, said in November 2011 that it would buy back 78.08 million shares. At the time, the offer price was nearly 70% above the company's share price.

Raspadskaya was Russia's largest stand alone coking coal producer until a deadly 2010 accident curtailed production.

(Sourced from www.reuters.com)