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 iron technique & process, which he had conceived in an attempt to improve the efficiency of conventionally fueled furnaces. The first person to employ the hot blast technique to anthracite smelting was Dr. Frederick W. Gesenhainer, who filed for a patent on the process in 1831 and received it in 1833. In 1836, he tried smelting anthracite iron on a practical scale at his property, Valley Furnace, near Pottsville, Pennsylvania, while in the same year White & Hazard's LC&N Co. built two experimental blast furnaces in Mauch Chunk. He produced a small quantity of iron, but due to mechanical breakdowns, could