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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

Saturday, June 23, 2012

Gold production and the environment

Gold production is associated with contribution to hazardous pollution.[78] The ore generally containing less than oneppm gold metal, is ground and mixed with sodium cyanide or mercury to react with gold in the ore for gold separation. Cyanide is highly poisonous chemical, which can kill living creatures when exposed in minute quantities. Many cyanide spills[79] from gold mines have taken place worldwide both in developed and poor countries which killed the marine life in long stretch of affected rivers. Environmentalists consider these pollution disasters as major environmental disasters.[80][81] When mercury is used in gold production, minute quantity of mercury compounds enter in to water bodies causing heavy metal contamination of water. Mercury enters in to human food chain in the form of methyl mercury through fish, etc. Mercury poisoning in humans causes incurable severe retardation of brain functions.
Thirty tonnes of used ore is dumped as waste for producing one finger ring of gold.[82] Gold ore dumps are the source of many heavy elements such as cadmium, lead, zinc, copper, arsenic, selenium and mercury. Water is unsuitable for human consumption if these heavy metals are found in more than one ppm concentration. When sulfide bearing minerals in these ore dumps are exposed to air and water, the sulfide transforms in to sulfuric acidwhich in turn dissolves the heavy metals facilitating their passage in to surface water and ground water. This process is called acid mine drainage. The gold ore dumps are considered as long term man made hazardous waste next only to nuclear waste dumps.[82] Billions of dollars need to be spent to mitigate the heavy metals pollution from worldwide gold ore dumps which are increasing every year.
Gold extraction is also highly energy intensive industry (25 kW·h of electricity per one gram of gold production) to extract ore from deep mines and to grind the large quantity of ore for further chemical extraction.[83]

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Posted by at Saturday, June 23, 2012

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