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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

Friday, January 25, 2013

Philippines: Philex slapped with new fine


Gold and copper producer Philex Mining Corp. has again been slapped with a fine by the Department of Environment and Natural Resources (DENR), this time for the pollution inflicted on two bodies of water by the tailings spill at its Padcal mine in Benguet.
In a disclosure to the Philippine Stock Exchange Thursday, Philex said it was served a copy of the order by the DENR’s Pollution Adjudication Board (PAB) directing the company to pay an initial amount of P92.9 million.
This latest fine is different from the P1.034 billion penalty earlier imposed on Philex by the Mines and Geosciences Bureau (MGB) for alleged violations of the Mining Act of 1995. The mining law imposes fines of P50 per metric ton of tailings discharged into areas other than the approved tailings disposal area.
The MGB based the fine on the total volume of the discharged tailings from tailings pond No. 3, which reached 20.7 million MT.
The new fine ordered by the DENR stems from the same tailings spill incident but was computed per day—based on the company’s alleged violations of Republic Act 9275, or the Clean Water Act—from Aug. 3 to Nov. 28.
On Aug. 1, 2012, mine sediments from the tailings pond No. 3 of Philex’s Padcal mine flowed into the Balog Creek and the Agno River which is connected to the San Roque Dam in Pangasinan.
The PAB said that as of Nov. 28, mine wastes and sediments were still present and had noticeably remained underneath and along the banks of the Balog Creek and Agno River.
Posted by at Friday, January 25, 2013

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