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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, January 3, 2012

Indonesia: Gold Mining's Threat To Tourism In Lombok

THE Indonesian island of Lombok is yet to become Bali's nemesis as a tourist destination, but locals have found there are other ways to make a buck. 

Gold fever has gripped parts of the island, particularly the southwest peninsula of Sekotong, transforming areas prized by many Australians for their superb surfing and scenery into hotbeds of discontent and environmental disaster.
Over lunch, served poolside at Cocotinos Resort, the only luxury destination in Sekotong, there's scant evidence all is not well.
Dubbed an eco resort, it is encircled by pristine white sand beaches, verdant rolling hills, coconut groves and development torpor. Such is life on Lombok, a paradise in waiting.
Foreign guests tuck into fresh salads, hamburgers and seafood, unaware that the produce is not from the crystal-clear waters in which they were recently diving, or from the lush vegetation or the local animals. 
Resort owner T. M. Wong whispers conspiratorially: 'We are not buying local produce, as a protection for clients. We get food and water from Mataram (Lombok's capital) or Bali." The coral reef, a stone's throw away, has also faded from a rich, brilliant hue to a bleached aberration.
Of paramount concern is the threat of mercury contamination in water, soil and food as locals engage in rampant small-scale illegal goldmining using toxic processing methods. Mercury, used to extract gold from the rock, causes neurological disorders, trembling and fever, and produces shocking deformities in children.
But with no regulations, nor education on the dangers, the toxic substance is vaporised or dumped, along with other mining waste including cyanide, on to land or into rivers and then flushed into the sea.
Since 2008 the gold rush has been driving once sleepy villages in Sekotong. Government attempts to stop illegal miners have been ignored, while hundreds have died in collapsing mines and landslides. Earning up to $200 a day, the new rich earn substantially more than the few dollars they picked up as fishermen or farmers.
Clashes with police, the military and mining companies -- with corrupt officials fuelling resistance -- are common; this week on neighbouring Sumbawa island police shot dead two locals protesting over the Australian Arc Exploration gold mine.

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