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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, June 4, 2014

In the Philippines, underwater gold mining comes with small payoffs and big risks

If flecks of gold are found in the soil, the workers up above move on to processing it, Paddock says. They begin by mixing the gold with mercury.
“Gold binds to mercury,” Paddock explains. “[They] process it a number of times until they’ve got as much gold and mercury together as they can. Then they will squeeze that out — it’s still sort of a liquid form — and try to solidify it into a lump that’s sometimes known as an amalgam.”
Next, the workers burn the lump, using a blowtorch. During this process, the mercury is vaporized, leaving just the gold. Burning mercury is one of the biggest dangers in this form of mining. Mercury is highly toxic and exposure is known to cause tremors, memory loss and brain damage, among other symptoms. It is especially hard on young, developing children — often the age group most likely to be working with it.
“You can’t reverse mercury poisoning,” said Richard Gutierrez, executive director of Ban Toxics, an environmental group seeking to end mercury use in the Philippines. “Brain cells are destroyed and can’t be replaced. You can’t reverse the nerve damage.”
Posted by at Wednesday, June 04, 2014

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