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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.


Tuesday, August 21, 2012

Alaska asks EPA to oversee cleanup of abandoned mercury mine

The Red Devil mine 250 miles west of Anchorage was once one of the nation's largest mercury mines. Operating for decades when there were few to no environmental rules for containing waste rock, it was by far the biggest mine in the highly mineralized region, known as the cinnabar belt because of the scarlet, cinnabar veins in the mountains.
Recent soil and sediment tests at the site have found levels of arsenic and mercury more than 100 times state and federal limits, state regulators say.
Last fall, a different study concluded that the Red Devil mine, as well as other abandoned mines in the region, were leading to higher-than-normal levels of mercury in fish. For the first time, the state issued guidelines warning families in the area not to eat too much pike and lush fish.
The pollution is so extensive that Alaska Gov. Sean Parnell, who has clashed with the Environmental Protection Agency over its efforts to study the proposed Pebble copper and gold mine, now wants its help. The Pebble mine in Bristol Bay, it's important to note, would operate under much stricter state and federal rules than those in place during the heyday of mercury mining on the Kuskokwim.

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