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
History of anthracite coal mining in Pennsylvania are surrounded by sandstone ridges, which help to “protect” the anthracite (Hornberger et al., 20-2). There are four different anthracite coalfields in Pennsylvania, all located on the eastern side of the state. The Northern field is located predominantly in the Luzerne, Lackawanna, Susquehanna and Wayne Counties; the Western Middle field in Northumberland, Columbia, and Schuylkill Counties; Eastern Middle field mainly in Luzerne County but extending into Schuylkill, Carbon, and Columbia Counties; the Southern field in Carbon, Schuylkill, Lebanon, and Dauphin Counties (Latzko, 8). Anthracite differs from bituminous in usage in that it has better heat quality and fewer disadvantageous by-products,