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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, December 5, 2012

Asia: Letpadoung Mines Crises, A Test for Democracy


To be candid the story originates in 1981 an American launched a mining venture, a cyanide heap-leach gold project in the state of Colorado. To save expenses, instead of taking necessary precautions, it leached 35 million pounds of cyanide and other toxic tailings into a nearby watershed.
When it became known, the Colorado State government stop the operation in 1991 and the US Government launched a $150 million lawsuit against him. He declared his company bankrupts and fled the country to Canada where he already had connections and is now a respectable gentleman of Vancouver. Soon he got his chance with Golden Star Resource at Omai on the Essequibo river in Guyana. Using the same strategy, he leached 3 billion liters of cyanide-laced mine tailings into the river, not only poisoning all life including fish stocks but also ruining Guyana’s farmlands. Knowing this disastrous act would soon be uproar, his company fled after garnering a huge profit. Although labeled as the worst environmental disaster in Latin America, he escaped legal action by cunning.
Then in Labrador (Canada), his company, Diamond Field Resources, struck a huge base nickel deposit in the native territory of Innu and Inuit (the outside world known them as Eskimos) where he become the biggest shareholder in the world’s largest deposit of nickel.
Soon he turned his attention to Asia and the Pacific and targeted the authoritarian regimes in Indonesia (under Suharto), Vietnam, China and Burma. This time his financial vehicles were Indochina Goldfields and Ivanhoe Capital Corp (ICC). He was helped by an expatriate Burmese businessman, Reggie T. Maung, now is a Senior Vice President of Ivanhoe Myanmar Holdings second only to him. T Maung connected him with Tay Za, a tycoon who became rich through his connections to the military government via Than Shwe the evil genius and the Junta’s supremo.5
During the Junta administration widespread forced labor was routinely used in building of infrastructure in areas around the mines. Open pit, heap leach mining is prone at the best of times to be a dirty business, especially when regulations are weak. Open-pit mining involves clearing standing vegetation and forests, diverting drainage systems, disrupting drainage patterns and destabilizing topography, causing mountains to collapse.6
That is the sole reason of why the people of Burma together with the monks are protesting and demonstrating.
Posted by at Wednesday, December 05, 2012

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