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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.


Friday, April 8, 2016

Major tailings dam spill at Solomon Islands 'disaster' gold mine

Heavy rain last week pushed the already critically full Gold Ridge dam to overflow uncontrollably for the first time in more than 20 years.
Eight-thousand people live downstream from what was, until two years ago, the country’s largest mining operation.
The shutdown Gold Ridge mine was sold last year by an Australian company to local mine site landowners for $100.

'We are panicking'

Scientists and villagers fear an environmental disaster is looming.
“We are panicking, honestly we are panicking, we don't know what is happening. Woman, pikinini, everyone of us (is) upset,” downstream community leader John Keara told SBS World News.
“The government didn't do anything for us. They ignore it, they ignore us. Now we become victims already.”
Tens of millions of litres of water escaped from the dam, that contains arsenic and cyanide and heavy metals in its sediment.
“At the moment there’s really no way to stop the spill way. The spillway was put in to relieve pressure and reduce the risk (of a dam collapse),” said Dr Gavin Mudd, an environmental engineer from Monash University.
“That's the way it's supposed to work but the issue though is it's not the end scenario you want, untreated tailings water getting out into the environment.
“There is an arsenic issue in the water with processing ore, it comes from the gold ore. Other heavy metals include selenium, mercury is often a very important one, and range of other heavy metals like copper and zinc.

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