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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, August 5, 2015

Mining the heart of the Mother of God: Peru’s gold rush claims more forest

Deforestation is not the only negative side effect of mining in the area. Gold is often extracted using mercury, with which it forms an amalgam, making it easier to separate from sediment or ore. But mercury is highly dangerous when released into the environment, both via aerial and water-borne dispersal. In sufficiently high doses it can cause birth defects and neurological disorders such as Minamata Disease. However, that is exactly what must happen to retrieve pure gold – the mercury is burned off to leave only the gold, causing unbounded mercury to be released into the water and air. Recent calculations by the Ministry of the environment revealed that 40.5 metric tons of mercury enters the Madre de Dios River annually, which amounts to 5.6 percent of the world’s mercury pollution produced by artisanal mining. This mercury then enters a range of organisms that live in the river, eventually accumulating in high levels in animals that occupy the top rungs of the food chain. A study in 2013 in the Journal of Environmental Protection found that several fish species surveyed in the Tambopata region had methylmercury levels higher than the U.S. Environmental Protection Agency fish tissue criterion for human consumption above which consumption poses a danger to human health, with some samples showing more than twice the criterion.

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