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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.


Tuesday, July 23, 2019

This is how Venezuela’s gold rush is poisoning indigenous people and ruining communities

With the complicity of Venezuelan law enforcement, the environmentally protected Yapacana park is being destroyed by illegal gold mining. In addition, dredges plow the rivers around the park and toxic mercury — used to bind gold flakes — is poisoning the regional water supply.
A 2017 study found that communities living along Colombia’s Atabapo, Guainía and Inírida rivers, near the Venezuelan mines, had about 60 times the maximum safe level of mercury recommended by the World Health Organization. Those three rivers provide much of the water for populations of southern Colombia, Venezuela, and northern Brazil.

How Miami, a major destination for Venezuelan gold, is helping prop up Maduro’s regime

The rainforests of southern Venezuela are rich in a precious metal coveted by bankers, jewelers and consumer-electronics firms around the world. Over the past decade, impoverished wildcat miners under the control of Maduro’s army, Colombian guerrillas and Venezuelan crime syndicates have ravaged the fragile jungle, stripping away trees by the acre and contaminating waterways with toxic mercury, a destructive tool of the gold trade.

Protests in Peru Against Tía María Mining Project Enters Second Week

The release of chemical substances such as cyanide and nitrogen from mining operations can pollute the air and water resources of the valley, which can contaminate crops, destroy forests and affect the health of the population as well as of the wildlife.