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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.


Thursday, December 22, 2011

Since the Republic of Suriname has a 5% stake in this older IAMGOLD mine, they probably won't try to influence the company to replace the current toxic leaching system with our green system.  We can only hope that going forward that any new venture in country considers Haber's green qualities.  You would almost think that the small miners will point to this IAMGOLD arrangement to justify their own neglect for becoming committed to green techniques.  This said, I would much rather see this type of agreement with a large miner than the present helter skelter activity with thousands of small operators who slash and burn and poison their way through the country.   Here is the article:

IAMGOLD, Suriname Come To Terms With Expansion Of Mine

Wednesday, December 21, 2011 11:18 AM
IAMGOLD Corp. (TSX:IMG)(NYSE:IAG) has entered into a "heads of agreement" with the government of the Republic of Suriname regarding expansion of the company’s Rosebel Gold Mine. Key principal elements for a definitive agreement were established and they will ultimately be supportive of a significant capacity expansion of the Rosebel Mine, the company says. "Reaching an initial agreement on the terms and conditions necessary for the expansion of Rosebel is a pivotal moment for us,” says Steve Letwin, president and chief executive officer. “The next steps are to work expeditiously towards the conclusion of a definitive agreement and to complete a feasibility study.” The Rosebel Mine produced 395,000 ounces of gold in 2010. The government of Suriname holds a 5% interest in the mine. IAMGOLD is a mid-tier gold mining company that produces roughly one million ounces of gold from the company’s five producing mines spread out around the globe.
By Alex L├ętourneau of Kitco News;

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