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 the building of a canal. By 1840, over 250,000 tons of anthracite mined from the region annually reached Philadelphia through White and Hazard’s Lehigh River system (Dublin, Licht, 12-3). A group of Germans wanted to seek the rights to the Schuylkill River. They received a charter in 1815 to incorporate the Schuylkill Navigation Company, which would have control over the Schuylkill River. After receiving investors the Schuylkill Navigation Company was able to finance a 108-mile long river and canal system that connected the Pottsville area to Philadelphia that opened in 1825. By the early 1840s, some 500,000 tons of anthracite