PAO Raspadskaya, a mining company, agreed to acquire YUKU, a Russian coal producer which mines various forms of metallurgical coal, from EVRAZ, a steel and mining company, for $875m. "This transaction is an important milestone for Raspadskaya to strengthen its position as a major Russian met coal producer. Increased production volumes, operational diversification and the technical expertise of YUKU employees will be important pillars driving further value creation for Raspadskaya shareholders," Eric Hugh John Stoyell, Raspadskaya Chairman.