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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

Monday, July 16, 2012

Mercury Treaty Risks Increasing Danger for Child Miners

While two-thirds of the delegates at the negotiations in Punta del Este support wording that would protect human health and the environment, a small group of developed countries are opposing public actions to reduce mercury exposure.
Among them, France, the UK, and the US favour voluntary action plans over mandatory action for artisanal gold mining in the United Nations mercury treaty

Artisanal gold mining in developing countries has been a particular source of controversy, where as much as 95% of all mercury is released into the environment. Also, with more than a third of gold miners being women and children, child gold miners as young as 6 are being exposed to mercury throughout Africa, Asia and Latin America.
Children are the most at risk of developmental problems due to mercury poisoning as are the babies of pregnant women and young mothers. Mercury exposure from artisanal gold mining can cause kidney problems, arthritis, memory loss, miscarriages, psychotic reactions, respiratory failure, irreversible brain damage and death.
Under international human rights law it is considered one of the worst forms of child labor. Mercury pollution is also one of the most serious environmental problems in the world, with two or three ounces of mercury released into the environment for every one ounce of gold extracted from artisanal gold mines.
Posted by at Monday, July 16, 2012

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