Jincheng Anthracite Mining Group of aforementioned deal, which JAMG and Taiyuan Coal Gasification Group may owned 40.05% and 13.38% stake respectively, with new investors owned 20%. The shareholders of JAMG, as at 31 December 2015 were the State-owned Assets Supervision and Administration Commission (SASAC) of , China Development Bank (via a wholly owned subsidiary) and China Cinda Asset Management. The latter acquired the stake by debt-to-equity swap. On 29 January 2015 JAMG bought back 3.61% stake from China Construction Bank. The treasury stock was than canceled in mid-2015. Jincheng Anthracite Mining Group Shanxi Jincheng Anthracite Mining Group Co., Ltd. (JAMG) is a Chinese state-owned
Anthracite difficulty of igniting it. This was a particular concern in smelting iron using a blast furnace. With the invention of hot blast in 1828, which used waste heat to preheat combustion air, anthracite became a preferred fuel, accounting for 45% of US pig iron production within 15 years. Anthracite for iron smelting was later displaced by coke. From the late 19th century until the 1950s, anthracite was the most popular fuel for heating homes and other buildings in the northern US, until it was supplanted by oil-burning systems and more recently natural gas systems. Many large public buildings, such as