Founded in 2014, the SMB Winning Consortium brings together three global partners in the areas of bauxite mining, production, and transportation: Singapore’s Winning Shipping Ltd., a leading Asian shipping company; UMS, a French transportation and logistics company that has had a presence in Guinea for over 20 years; and Shandong Weiqiao, a leading Chinese aluminum production company with 160,000 employees and an annual revenue of US$45 billion. The Republic of Guinea is a partner and shareholder of up to 10%.
The SMB Winning Consortium is a major player in the global bauxite sector and participates heavily in Guinea’s economic and social development. Its overall contribution to the Guinean economy is estimated at $US600 million for 2018.
This amount includes salaries, payments made to suppliers and subcontractors, tariffs, taxes on imported products and on mining and exporting ore, and tax contributions.
With the SMB Winning Consortium, we brought together the skills of the best companies in their respective sectors to make Guinean bauxite one of the most competitive on the global market. Today, SMB is the country’s leading bauxite producer and has put Guinea back in the world’s top three bauxite-producing countries. It is the SMB Winning Consortium’s ability to combine international scope with local development that is the key to its success.
Frédéric Bouzigues Société Minière de Boké General Manager
Since it was established, the SMB Winning Consortium has invested over $US1 billion in its mining activities in the Boké Region. The Consortium, which directly employs over 8,000 people, has also built and manages two river terminals, now registered as an international port—Boké Port. The SMB Winning Consortium’s production amounted to 31 million tons in 2017.
The SMB Winning Consortium’s uniqueness lies in always having granted primary importance to local results of mining and its environmental consequences. The Consortium has a significant economic and social responsibility in the mining basin, which is why SMB has implemented a demanding and ambitious corporate social responsibility (CSR) policy. The key to sustainability in the mining sector is to take social and environmental issues into account at each stage of development.