GTSO Resources, the mining subsidiary of Green Technology Solutions, Inc. (OTCBB: GTSO), will evaluate potential acquisitions and partnering opportunities in Chile’s urban mining sector in 2013, the Company announced today.
In line with GTSO’s focus on urban mining opportunities in emerging economies, the Company has already commenced with on-the-ground due diligence on a number of Chilean firms through its consultants at CCI Capital SpA. GTSO operations consultant Rodrigo Cordova is currently in Chile to further talks with the company’s targets near Santiago.
“We’re looking for partners that can provide comprehensive management services and processes for the recycling of electrical and electronic equipment in Chile,” said GTSO CEO Paul Watson. “We’re in talks now with some prominent e-waste recyclers there that we look forward to announcing and working with in the very near future.”
Chile has been a major focus of GTSO’s efforts to expand its urban mining footprint due to its high rate of industrialization, affordable labor and local business connections with CCI Capital. Today, more than 95 percent of Chileans have a mobile phone. These phones have an average life span of less than two years, and a huge market is developing in Chile and around the world to keep the highly valuable and highly toxic materials used to build them out of landfills.
Urban mining is a major pillar of the Company’s plans to compete alongside major international corporations striving for sustainable manufacturing solutions, such as Sprint Nextel Corp. (NYSE: S) and Toyota Motor Corporation (NYSE: TM). Late last year, GTSO acquired the company
Green Urban Mining
to handle the company’s recycling and resale operations.
The company is also exploring traditional mining opportunities in the U.S. and Africa through its joint venture with
Diamond V Associates
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [
] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the website at
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