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Stamp Program Objectives

In order to address the global mercury problem, Aladdin has developed the Strategic Abatement of Mercury and Poverty (STAMP) program. This program is designed to induce artisanal and all mercury mining users to adopt Aladdin's highly efficient mining technologies. The fundamental strategy looks to illustrate the economic advantages of HGP to the miners. Although being able to provide a safe work environment , safety benefits alone are not sufficient to convince indigent miners to abandon mercury processing. Ultimately, the success of the program must rely on its ability to provide the miners with a greater level of income than what they are able to derive when using mercury. The broad objectives of the STAMP Program are as follows:
1. Employ as many artisanal miners as is possible while maintaining the economical integrity of the program.
2. Work to eliminate the use of mercury when extracting gold in the customary artisanal alluvial concentrates and hard rock deposit areas.
3. Increase artisanal miner wages above the national average and provide bonuses based on gold revenues.
4. Create new employment opportunities and provide training for higher paid jobs in the trades, management, administration, accounting, mining, geology, process engineering, and attendant disciplines.
5. Provide a humanitarian fund to benefit the miners and their families.
6. Convert sites to farming land or forestry after gold is depleted from the properties.
7. Attract artisanal miners to proven gold reserves set aside by large scale mining companies and / or the government.
8. Make a profit for all stakeholders

Aladdin's Pledge To Social Responsibility

Aladdin's Pledge To Social Responsibility

Aladdin Technologies Inc. is dedicated to bringing environmentally friendly processes to host countries so that mineral wealth can be extracted in a way that does not endanger local ecosystems or the health of native people. This interest - coupled with a commitment to mutual respect and a close involvement with all stakeholders - is behind the company's drive to help the government and citizens of countries achieve maximum benefit from their mineral resources. We also recognize that shareholder interests are best served when - based on our ethical treatment of indigenous people and sensitivity to environmental issues - countries actively seek out business relationships with the company.

Social responsibility is not simply an abstract concept, but rather, a realistic moral command and business strategy. Aladdin will do whatever is reasonable to help the communities of people around the world with which it interacts. Therefore, to disregard the tenants of mutual respect and fair trade would not only be morally corrupt, but it could also damage shareholder value in company mineral endeavors. Aladdin endeavors to be a leader in the way in which it brings obligations of social responsibility to its business enterprises.


ALADDIN BLOG

Wednesday, October 2, 2019

Tufts Institute of the Environment Marks Its Twentieth Anniversary

“Peru is experiencing a gold rush,” she said. “Thousands of small-scale miners are clearing primary rainforest to access the silt underneath that washes down from the Andes, because it contains tiny bits of gold dust. They mix liquid mercury with the silt to amalgamate the gold, then dump the contaminated water back into Amazon tributaries. This activity is having devastating impacts, not only on the forests, rivers, and animals that live there, but on public health in the region, because the mercury contaminates the region’s fish, a staple foodstuff.”
read more... https://now.tufts.edu/articles/tufts-institute-environment-marks-its-twentieth-anniversary

U.S. BLOCKS IMPORT OF GOODS THOUGHT TO BE MADE BY FORCED LABOR

Forced labor is fed by the practice of human trafficking. The ILO estimates approximately 24.9 million people trapped in forced labor, generating $150 billion per year in profit.
The mining industry has been a high-profile example of forced labor. As recently as 2013, Human Rights Watch reported that children were still digging for gold in Tanzania. Children were at risk from pit collapses, mercury exposure and breathing dust.

Monday, September 30, 2019

World Gold Council announces new mining guidelines as mining exploration increases

According to statistics, almost 95% of the WGC’s membership have signed up to the new principles published by the Council, though the concern is that non-members may ignore the guidelines. Artisanal gold mining is very small scale, often orchestrated by criminal groups, and usually hazardous. While the quantity of gold mined is small, typically traded domestically rather than internationally, the World Gold Council is still concerned about the impact on the workers, the local community, and also the environment.
read more... https://www.bullionbypost.co.uk/gold-news/2019/september/30/world-gold-council-announces-new-mining-guidelines-mining-exploration-increases/