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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

Sunday, October 7, 2012

Latin American gold rush opens up veins of social discontent


Hundreds of thousands of individual miners across Latin America are toting their own sums. From Nicaragua's mining district to the goldfields in Colombia's northwest, and on to Peru's Madre de Dios jungles, wildcat miners are tearing up forests and dumping mercury in rivers in their quest for gold.
In Guyana, a nation the size of Idaho on South America's northeastern shoulder, authorities in July suspended all further mine permits to halt devastation by some 14,500 independent miners, many of whom blast river banks with hoses to expose gold-laden sediment, then use mercury as an amalgam to pull gold from silt.
In Colombia, some 200,000 small-scale miners produce 50% of that nation's gold, while 20,000 miners now operate in the pristine Madre de Dios region of Peru, where they commonly filter mercury into the food chain.
Relations between foreign mining companies and local communities have been far from smooth in El Salvador and Guatemala.
The most notorious case involved Pacific Rim, a Canadian firm that later incorporated in Nevada. The company began exploring for gold in 2002, eventually filing a $77 million lawsuit in 2008 charging that El Salvador's failure to issue it an environmental permit violated its rights as a foreign investor.
An activist against the Pacific Rim project was found slain with two gunshot wounds to the head in June 2011. He was the fourth mining activist murdered in the previous two years in El Salvador.
Posted by at Sunday, October 07, 2012

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