For mineral-rich countries, large-scale extractive industry projects are
a double-edged sword. On one hand, mining royalties and taxes provide
funds that can be invested in infrastructure and social services. Mining
projects can also create local jobs and spur demand for locally
produced goods and services, supporting livelihoods and spurring
economic growth.
On the other hand, mining revenues can be—and
there is plenty of evidence that they routinely are—spirited or
frittered away, leaving little to show by way of long-term productive
investment or better living standards. Moreover, mining booms undermine
growth in other industries by skewing labor demand and swelling the
exchange rate. Adding injury to dashed hopes, mining operations often
leave a legacy of massive and long-lived environmental damage. Rather
than receiving what amounts to manna from heaven, mineral-rich countries
seem to suffer a “resource curse”—economic growth rates lower than
those of countries without mineral resources. ...
http://www.worldpoliticsreview.com/articles/13145/sustaining-development-extractive-industries-and-local-communities
For Serious Inquiry On Aladdin Green Gold Processing Call 516-771-0636 or email r.lembo@aladdinseparation.com
Company office
400 Trade Center, Suite 5900, Woburn, MA 01801
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
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