“This is the Holy Grail of gold mining effectively, given the quality and given the scale,” The news is good for both Polyus and the Russian government. Unlike other producers that move their bullion on world markets, Polyus sells its gold exclusively to large Russian state banks, which then resell it to the country’s central bank. Once mining begins, the bank can use the mine’s gold to support its ruble currency or sell it for extra foreign currency in times of crisis. According to Polyus, Sukhoi Log is likely to be producing more than 1.6 million ounces of gold every...