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 differently designed furnaces. The first American smelt of Anthracite Pig Iron was performed July 4, 1840 by principal-partners David Thomas, Josiah White and Erskine Hazard at their Lehigh Crane Iron Works in their first hot blast furnace along Catasauqua Creek aided by Samuel Thomas and the employees of the LCIW, in what became Catasauqua in Northampton County, Pennsylvania. The technology enabled industries the chance to produce cast iron sufficient to demand and eventually adapt production to also feed the demand to generate wrought iron and steel. These useful materials are achieved by adding additional processing — by taking pig iron