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 not keep the furnace in operation for more than two months. While distinguished visitors, including Governor Joseph Ritner, acknowledged his success, he sold out his share in Valley Furnace and went to New York City. The research was proceeding along parallel lines across the Atlantic. George Crane, owner, and David Thomas, superintendent of the Yniscedwyn Iron Works, had themselves conceived of the idea of using hot blast to smelt anthracite. Thomas was sent to Scotland to examine Neilson's installation and reproduced it at Yniscedwyn. Crane filed for a British patent on smelting iron with anthracite and hot blast in 1836