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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

Thursday, July 3, 2014

Going for Gold II: Accidents

But since the 80s, most people don’t have to imagine anymore. The dangers of cyanide gold mining entered the public agenda with the Ok Tedi operation, or its more popular name today, “environmental disaster” – one of the worst caused by humans. The mine in Papua New Guinea managed to spill 1000 km downstream (as seen above) two tons of untreated mining waste between 1984 and 2013. 1600 km2 of forest have been partially or completely destroyed (don’t worry, according to the company it will recover – in 200 years), after heavy rainfall destroyed the tailings dam in 1984. The lack of action to stop the spillage led to the disruption of the lives of 50.000 people, and the ruining of agriculture or fisheries, which represented the traditional occupations of the natives.
This, of course, wouldn’t happen in a civilized first world country, where people care about the environment and have post-material needs, right? Right. At the same time the tailings dam was breaking in Papua New Guinea, a traditional mining site in Colorado, the United States (yes, those United States) was extended and thus implemented a new method – cyanidation. You probably guessed that I am not just randomly mentioning gold mines from different places in the world, so you can anticipate what happened next – mining waste and other by-products were leaked in the water, eventually contaminating the Alamosa River. The small mine, pictured below (only 2.2 km2, and a total production of 9.1 tons of gold), caused the worst cyanide spill in US history, leaching 10 million tons of ore. The US Government intervened much faster than the one from Papua New Guinea – it only took them… 7 years. In 1991, they issued a cease-and-desist order to the company and used 155 million $ to clean up the site.
Posted by at Thursday, July 03, 2014

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