A long-time ally of President Vladimir Putin has snapped up a chunk of Russia’s giant Sukhoi Log gold field in a barely contested government auction.
Bidding for the deposit was won by a venture between state-owned Rostec Corp. and Polyus PJSC, Russia’s biggest miner of the metal, after it made a minimum-required single bid above the starting price, according to a statement from the Natural Resources Ministry on Jan. 26.
