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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, September 6, 2011

Australian miners urged to drive development of Africa’s gold hot spot: Ghana

Australia’s African-focused explorers, developers and miners were urged last week to drive a resurgent minerals sector in one of the continent’s hottest gold spots, Ghana. Speaking on the second day in Perth of the three day 2011 Paydirt Africa DownUnder conference, Ghana’s Chairman of the Parliamentary Select Committee on Mines and Energy, the Hon. Moses Asaga, said the country had the potential to scale-up many of its smaller mining operations - of which there are about 600 - in parallel with its nine major mines. “However, local mining companies lack the capital and expertise for this scale-up and Australians, with their expertise in Africa’s resources sector, are natural partners and we would welcome a higher level of involvement in this development opportunity,” Asaga said.
“The reasons are compelling. Ghana’s mineral exports contribute $3.9 billion in overseas earnings and command 6% of our Gross Domestic Product. We are the second largest gold producer in Africa and the eighth largest in the world but we can also offer Australian investors exposure to larger scale diamond, manganese and bauxite opportunities as well as gold.
“Significantly, we have to diversify our mineral resource base to achieve increased foreign exchange earnings and optimise tax revenue generation which in turn can further support development of our resources sector.”
Asaga said his message to Australian investors was that Ghana was the gateway to western Africa and “collaboration” between Australia and Ghana was the key to achieving mutual benefits. This was particularly so in the immediate years ahead as Ghana moved to open up its considerable offshore oil and gas resources.

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