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 of 1839. In the meantime, Pioneer Furnace, in Pottsville, was blown in using anthracite fuel in 1839. It was built by William Lyman obtained the aid of a Welsh emigrant, Benjamin Perry, who was familiar with Neilson's process and the Yniscedwyn works, for the blowing-in. The furnace ran for three months on anthracite alone and fulfilled the conditions to win the $5,000 prize. In the design of Pioneer Furnace, Lyman had also been assisted by David Thomas, who had arrived in the United States in May 1839. Thomas was engaged by the LC&N to set up the Lehigh Crane Iron