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 high energy per its weight and burns cleanly with little soot, making it ideal for this purpose. Its high value makes it prohibitively expensive for power plant use. Other uses include the fine particles used as filter media, and as an ingredient in charcoal briquettes. Anthracite is an authorised fuel in terms of the United Kingdom's Clean Air Act 1993, meaning that it can be used within a designated Smoke Control Area such as the central London boroughs. China today mines by far the largest share of global anthracite production, accounting for more than three-quarters of global output. Most Chinese