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 power-generation. The rarer higher grades of anthracite are purer – i.e., they have a higher carbon content – and are used in steel-making and other segments of the metallurgical industries. Technical characteristics of the various grades of anthracite are as follows: Anthracite is divided by size mainly into applications that need lumps (typically larger than 10 mm) – various industrial processes where it replaces metallurgical coke, and domestic fuel – and those that need fines (less than 10 mm), such as sintering and pelletising. The common American classification by size is as follows: Lump, steamboat, egg and stove coals, the