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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, August 3, 2011

Two Questions

Congratulations Bob, the blog looks great and I look forward to reading it every morning.
I know our process has been updated and improved over the past few years and these questions had been answered before these improvements, so I was hoping you could give me an updated version regarding:
1. What is the current cost of our process in comparison to using mercury or cyanide?  I realize every ore is different and costs will vary - but perhaps you can provide us with a general estimate.
2.  What is the time differential in using the HGP4 process as opposed to using cyanide or mercury? 

Posted by Mia Likey Gold at Wednesday, August 03, 2011
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1 comment:

Bob Lembo said...

It takes about 2-3 oz. of mercury per every 1 oz. of gold.
The mercury is rubbed and rubbed into the ore by hand until an amalgam is formed. The mercury is then burned off and vaporized into an impure piece which must be sold to a discount broker who brings it to a smelter to get the impurities out.
Mercury is a filthy element when used for this purpose as there is absolutely no thought of containment and so there are run offs into the soil and water and the vaporized mercury is inhaled by the people and animals in the area of use. Mercury will yield about 35% gold.
As far as cyanide, the cost of cyanide is about 100-150 dollars per 1 oz. of gold produced. Cyanide can have an efficiency into the high 90% but not the 99% we get. Even a small percentage on the bottom line means a lot of money just from the efficiency of our process.
Cyanide is increasingly coming under tougher legislation worldwide because of previous and potential spills and as such takes a long time to get permitted and is costly to set up equipment and containment ponds. It takes anywhere from 30-72 hrs.to produce gold from ore through entire cyanide process.
Ours take approximately one to one and a half hrs. from ore to gold with aladdin hgp process. Do the math. In a 24 hr. a day operation you are producing a lot more gold per day with hgp.

August 3, 2011 at 4:06:00 PM EDT

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