Every Mongolian Gains From IPO

Forced to sell his animals and flee his dried-up lands, former herder Sainbuyangiin Tsagaan-Ovgon is now hoping that mining profits will let him return to his native Gobi. The 72-year-old, who admits that he knows nothing about stocks, will soon receive 536 shares in the Mongolian company that owns the world’s largest coking coal deposit. The potential windfall is part of an experiment […]