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 times been futile, and several such combustion areas exist today. The existence of an underground combustion site can sometimes be identified in the winter where fallen snow is seen to be melted by the warmth conducted from below. Proposals for harnessing this heat as geothermal energy have not been successful. A vein of anthracite that caught fire in Centralia, Pennsylvania in 1962 has been burning ever since, turning the once-thriving borough into a ghost town. Among current producers, Russia, China and Ukraine have the largest estimated recoverable reserves of anthracite. Other countries with substantial reserves include Vietnam and North Korea.