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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, June 27, 2012

Haiti’s “Gold Rush” Promises El Dorado – But for Whom?

The mining companies estimate Haiti’s hills hold over 20 billion dollars in gold – much of it “invisible” because it exists in tiny particles in the rock and dirt. Extraction will only be possible with environmentally hazardous pit mines.
But Newmont Mining, Eurasian’s partner, knows its pits. The gold giant opened the world’s first pit mine in Nevada in 1962 and later dug in Ghana, New Zealand, Indonesia, and other countries. In Peru, Newmont runs one of the world’s largest open pit gold mines: the 251-square-kilometre Yanacocha mine.
But even with its years of experience, the company’s track record is far from error-free.
In Peru, farmers’ organisations claim their water supply has been slowly polluted with cyanide and in 2000, Newmont’s Peruvian trucking company spilled 330 pounds of mercury, causing dozens of people to become sickened with deadly diseases.
In Ghana, Newmont operates a mine located in a farming region known as Ghana’s “breadbasket”. So far, Ahafo South operations have displaced about 9,500 people, 95 percent of whom were subsistence farmers, according to Environmental News Service.
Newmont has poisoned local water supplies there at least once, by its own admission. In 2010, the company agreed to pay five million dollars in compensation for a 2009 cyanide spill.
Posted by at Wednesday, June 27, 2012

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