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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.


Thursday, January 3, 2013

Guyana: GGMC needs to be more efficient in regulating and monitoring the gold-mining sector

This age-old remit of the GGMC should not be allowed to continue at the cost of hard-pressed taxpayers. The country has already paid a heavy price when the Essequibo River was poisoned by Omai Gold Mines Ltd and the Guyana government was a shareholder. Some 800 million gallons of cyanide contaminated water ended up in the Essequibo River in August 1995. There is now the risk of mercury contamination of the rivers.
Mercury is said to be a potent neurotoxin affecting the brain and nervous system. Children, pregnant women and foetuses are all very sensitive to the adverse impacts of mercury. The World Health Organization recognized this danger in 1991, when it concluded that no safe levels of mercury exposure have ever been established below which no adverse effects occur.
Mercury poisoning is also known as Minamata disease; the neurological syndrome first discovered in the Japanese city of Minamata in 1956. Nearly 1,800 people have died from the disease.
According to available statistics for 2000, Guyana was the main target importer from the UK of elemental mercury of 9.25 metric tons.  By 2004, the US replaced UK and supplied 27.0 metric tons. (Source: UNDESA/ESD/UNSD Comtrade Statistics – April 11, 2006). In 2012, the annual purchase volume of just 3 purchasers of liquid mercury in Guyana was put at some 50 metric tons. (Tradex, Dec 2012).
To put the figures into context, China has a population of over 1.3 billion, and they currently consume an estimated 200 tons of mercury annually for gold mining. This type of mining is said to be illegal but ever enticing to low-income people in the countryside in response to the high value of gold.

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