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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.


ALADDIN BLOG

Wednesday, April 18, 2012

Nicaragua: Artisanal Gold mining And Mercury Contamination

With international gold prices near record highs, artisanal gold mining is an important source of employment in Nicaragua. It is estimated that 35,000 people earn a living from small-scale mining operations. Globally it is estimated that there are 15 million artisanal miners. According to the Ministry of Energy and Mines (MEM) there is no study of the impact of mercury on the environment and health of the workers. Mercury is used in the process of removing gold from gold-bearing rock. Marcello Veiga, a Brazilian, is conducting just such a study for the MEM. Mercury is a highly toxic metal. Veiga said that 1400 tons are used globally in gold mining each year although what portion of that is used by small miners is unknown.
Mercury lost in the mining process contaminates the air, water and ground. Carlos Zarruk, director of mines for the MEM, said the Ministry is trying to develop programs that reduce the amount of mercury waste, but those require investment which the big companies can afford but not the small-scale miners. In Nicaragua, artisanal miners earn about US$25 for each gram of raw gold which sells on the international market for more than twice that amount. Most work in cooperatives that enable them to afford use of some equipment, but even with the high international price most are struggling to feed their families and thus looking for the means to invest in more equipment and mine more gold quicker. Meanwhile mercury pollution rises and the health of miners and their families wanes
Posted by at Wednesday, April 18, 2012

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