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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.


Sunday, January 27, 2013

More about the global mercury treaty

But the cost to fix the mercury problem has been a major issue. In developing nations, mercury is used by poor miners to extract gold, sold to wealthier nations. And developing nations in Asia also rely more heavily on coal-fired power plants to electrify their economies.
The treaty will be finalized in Minamata, Japan, in recognition of the deaths and human suffering caused by mercury poisoning in that city. Generations of people from the city suffered severe mercury poisoning, including birth defects and early deaths, from the release of methylmercury in the wastewater from the Chisso Corp. chemical factory from 1932 to 1968. The mercury accumulated in shellfish and fish, which were a large part of local residents’ diets.
David Lennett of the Natural Resources Defense Council said the treaty doesn’t go far enough to make all fish everywhere safe to eat. But he added the treaty is still a good step forward.
The treaty “is strong in some areas but weak in others,” Lennett said in his blog. “The provisions on product phase-outs are relatively strong, while the air emission control requirements for existing facilities are delayed far too long. Still, the fact that there is a global mercury treaty at all is a significant accomplishment given the gridlock on other issues.”
No mercury exports
A new U.S. law banning the export of mercury took effect this month. Under federal law it is now illegal to export elemental mercury from the U.S., which should reduce the amount of mercury on the global market. Previously, much of it went to gold mining in developing nations, the U.S. Environmental Protection Agency said. The new law also calls for the long-term mercury management and addresses the storage of elemental mercury.

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