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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

Thursday, December 13, 2012

Philippines: Mine tales


The Environmental Management Bureau (EMB) issued a “notice of adverse findings” citing that that Philex Mining violated Condition No. 2 of its ECC: “…pond effluent discharges shall conform with the standards set forth under RA 9275 or the Clean Water Act of the Philippines and its implementing rules and regulations.” The EMB said a revocation of the ECC permit and a fine of P50,000 per violation will be meted out against the company.
Other than the destruction of the environment, thousands of lives have been lost to mining-related disasters. Still, government continue to make the extraction of natural resources as a national policy to ensure economic returns. There are 24 Priority Mining Projects encompassing a total of 176,000 hectares mostly located in the Cordillera Region, Southern Mindanao Region and Caraga Region. Largest among these are in Mindanao-- the Tampakan Copper Project (31,600 has.) in South Cotabato, Amacan Copper Project (27,058 has) in Compostela Valley, Nonoc Nickel Project (25,000 has) in Surigao del Norte and Pujada Nickel Project (11,799 has) in Davao Oriental.
As argued by some groups, the problem is not mining as some countries have made use of their resources without compromising their environment. It is the failure of government to make companies accountable for the destruction of the environment and of the tendency of putting the lives of people and the communities, at the hands of small and large scale mining companies.
Posted by at Thursday, December 13, 2012

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