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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, January 25, 2012

Indonesia:Illegal Mining Gets Lombok In The News

The report alludes to "…mercury contamination in water, soil and food as locals engage in rampant small-scale illegal gold mining using toxic processing methods," and says that "…the toxic substance is vaporised or dumped, along with other mining waste including cyanide, on to land or into rivers and then flushed into the sea."
The story also states that "…Clashes with police, the military and mining companies – with corrupt officials fuelling resistance – are common; this week on neighbouring Sumbawa island police shot dead two locals protesting over the Australian Arc Exploration gold mine."

2 comments:

tom said...

I read Helen's well written letter in the link. Problem is, as she knows, nothing will be done by the officials until someone pays them to do so. If investors and others want action to stop this environmental degradation then they will have to pay for it.

Bob Lembo said...

Tom
Yes. That has been the situation worldwide. The wild card that has recently been thrown into the equation is that of local people protesting and demanding change by actively halting operations that are poisoning their environment.
After many decades of pollution to water, air and soil, it has become a matter of pure survival to not only the people who are involved in mining but all humans, since the pollution now affects all of us. There are more mercury particles in the air we breath, the fish we eat and the animal and vegetation ecosystem. Cyanide has proven to spill no matter how careful you are, yet they propose to create a pond miles wide on the top of a mountain in Peru. On top of a mountain?
Corruption as a way of life, along with a free hand by mining companies, is being threatened for the first time by these protesters who feel that they have nothing left to lose but their lives.
We are all in the same boat. We should all be protesting in our own way before it's too late, IMO.