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 States, in the principal control and supervision of Ironmaster David Thomas who had begun experimenting with attempts to use locally available Wales anthracite deposits as early as 1820 soon after he became in charge at Yniscedewin Iron Works in Wales. About this 1837-38 timeframe experiments were also being made in Pennsylvania near Port Carbon, and in Mauch Chunk, but with overall better success than in Wales. White, Hazard and the LC&N Co. had begun systematic experiments to smelt using anthracite in two furnaces in Mauch Chunk in 1832-1837 with intermittent but sporadically improved successes using cold blast processes with two