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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, August 23, 2011

What is the structure of any potenial deals?

Can you tell us how Haber is trying to structure the deals?
For instance, the June 1, 2011 press release stated that in 2009 Guyana produced USD $420 million worth of gold out of a potential USD $1 billion. I took this comment as basically saying had Guyana used the Haber Process they would have grossed around USD $1 billion.
Is Haber looking to get paid on both sides? The first side being as a cost of business (machinery, lixivant, people, etc.) and the second side being on the back end (lets say 10% of the gross and/or net revenue (which in this case the gross would have been USD $100 million).


Anonymous said...

That is quite a profit. With gold hovering around $1,900 an oz., the HGP seems like a no-brainer. What is the hold up?

Bob Lembo said...

Anonymous--The slowness of making deals to this point has mainly been about getting miners to accept an "in the field" unproven technology along with, most importantly, financing an operation. Entrenched technologies are always hard to replace and having the better mousetrap doesn't always translate into better technology being implemented. Long standing relationships have to be altered, costly equipment no longer able to be depreciated, Throw in politics, corruption, entrenched chemical lobbies, lack of funding for environmental groups, etc. and it's just an uphill battle.Also, perfecting HGP to enable us to process all ores was a big step. It wasn't until two years ago that we were able to process sulfides.
There is a perfect storm now which should help us in that the price of gold, mounting concerns globally for clean water and air, the outcry from populations to stop polluting the planet and the extensive reputation our process has garnered that should make getting financing easier.
All of these can be seen as reasons or excuses. We have no time for either.