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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.


Wednesday, March 20, 2013

Dirty gold: The seamier side of mining

Gold mining can be a dirty business, both environmentally and ethically. Extracting gold from the mined ore creates a huge amount of waste — roughly 20 tonnes of mining waste to make a single 18-carat ring containing less than 10 grams of gold, according to an estimate from Earthworks, an environmental watchdog based in Washington, DC. What's more, many small-scale operations in the developing world make use of child labour, and can support civil wars or local warlords.
The US Environmental Protection Agency rates the metal mining industry as the number one toxic polluter in the country in its Toxics Release Inventory 2011. A large part of this pollution is cyanide, the main chemical used to leach gold from crushed ore; it can contaminate surface and ground water if it leaks from waste sites. One of the worst such accidents occurred in Romania in 2000, when a burst dam sent cyanide-contaminated water into the Someş river, and eventually into the Danube. It killed large numbers of fish and poisoned the drinking water of more than 2.5 million people.
Mining companies often say that new technologies will make mining cleaner, says Alan Septoff, communications director at Earthworks, but that is rarely the case. Research commissioned by Earthworks found that, in the United States, “75% of mines wind up polluting water, no matter what they promise,” he says.

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