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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.


Thursday, April 25, 2019

Time to focus on 40 million people involved in artisanal mining, says UN

IT was necessary to “shine a light” on the millions of people from poor communities who had joined the ranks of small scale mining, sometimes with dangerous environmental risks whilst the miners themselves were often involved in corrupt activities.
Citing the World Bank’s head of energy and extractives global practice, Riccardo Puliti, Reuters said it was time to begin investing in these communities. Of an estimated 40 million artisanal miners globally, 9.9 million worked in sub-Saharan Africa, according to a report by the UN.

On NDC’s ‘Moment of Truth’: Didn’t Mahama ask Akufo-Addo to stop chasing illegal miners?

We also heard from a credible source (Kweku Baako Jnr) that somewhere in 2016, a few Chinese illegal miners were arrested by the police but were later released without charge through high-powered interventions.
It was, therefore, not surprising that the illegal miners had the liberty to steal our natural resources, destroy the farming lands, pollute the water bodies with methyl mercury and noxious cyanide and then go scot free during the Mahama’s administratio

Gilded age for guilt-free jewelery

They are "fairmined" gold - a label certified by a Colombian NGO - and the more widely known "fairtrade" label launched by Swiss foundation Max Havelaar.

Both support artisanal mines that seek to preserve the environment in terms of extraction methods, along with decent working conditions and wages for the miners.

Such production remains limited - just a few hundred kilograms annually. Global gold output by comparison totals around 3,300 tons.