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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

Sunday, October 2, 2016

The Tragedy of the Commons in Artisanal Gold Mining: Evaluation of Mechanisms of Cooperation with Simulation and Economic Experiments

Yet, there are other dimensions of the non-renewable extraction that deserve some attention: the externalities generated from it, and also the dependence of such extractions of millions of people This chapter is published in Resources Policy.
in the world using artisanal techniques. A clear example of it is the artisanal and small-scale gold mining (ASGM) in which miners who want to maximize private profits employ the cheapest technological alternative for the recovery process: mercury amalgamation. This technique leads to environmental and health problems in the long run due to the mercury pollution it generates.

With the end of solving the pollution problem generated by the recovery process better production technologies, which are generally more expensive for acquiring and harder to operate, must be employed. Therefore, miners face the dilemma related to the pollution resulting from the gold recovery process; i.e., a public-good dilemma in which private benefits are apparently higher when using mercury amalgamation and social welfare is improved by using a cleaner technology.
Posted by at Sunday, October 02, 2016

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